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Product Safety & Recall
Zurich Product Safety & Recall insurance provides a market leading combination of recall planning and preparation advice, broad coverage, plus post-loss crisis consultancy to protect the company balance sheet and brand in the event of a loss.
As a result increasingly complicated product safety challenges which commonly feature more stringent legal and regulatory environments, extended supply chains and greater consumer awareness, more and more manufacturers, wholesalers, distributors and retailers are now turning to product recall insurance in order to ensure that they have the protection they need.
How Zurich can help
- Competitive product recall cover designed to meet the needs of corporate organisations in challenging times.
- Flexible, unbundled coverage options including stand alone accidental contamination and accidental defect cover.
- Greater balance sheet protection with indemnity periods of up to 24 months for loss of gross profits.
- Variable single loss limits and aggregate loss limits.
- A simplified, single policy covering food, drink and consumer products.
- Significant capacity offered of up to USD 25 million and an additional indemnity limit of USD 10 million for consultancy fees.
- In-house consultancy and training services to assist planning and preparing for a recall. Funding towards these services is available from within the premium.
- Access to our appointed crisis consultancy partners to help prepare for a recall and minimise damage to the balance sheet and brand. Funding towards these services is also available from within the premium.
- Dedicated claims professionals to ensure a rapid response and speed of settlement.
Broad coverage that offers protection for your business
- Accidental contamination and accidental defect of a product
- Malicious tampering of a product
- Malicious publicity
- Product extortion of a loss.
Insured products
- Within customers care (E.g. Within the warehouse and during transportation)
- Outside customers care (E.g. Once the product has reached the retailer)
- Within customers care (E.g. Within the warehouse and during transportation)
- Outside customers care (E.g. Once the product has reached the retailer)
Loss coverage
- Consultant and advisor costs
- Product recall costs
- Third party recall costs
- Replacement costs
- Rehabilitation expenses
- Business interruption
- Extortion costs
- Defence costs
- Additional expenses
- USD 25m (annual aggregate)
- USD 10m consultancy costs (annual aggregate)
Contact details
Simon Plumridge
Head of Product Recall
+44 (0) 20 7648 3190 |
James Emerton
Product Recall
+44 (0) 20 7648 3346 |
 Top of page
Risk Insight
Product Recall & Liability Insight - Sharing Lessons Learnt from Major Claims here »
Downloads
Product Safety & Recall Factsheet here »
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