Stand-Alone Product Recall

Target Classes:

• Aircraft and Drone Parts;
• Blood and Tissue Banks;
• Clothing;
• Cannabis;
• Consumer Electronics;
• Electronic Cigarettes and Tobacco;
• Firearms and Ammunition;
• Food Products;
• Pet Foods and Toys;
• Pharmaceuticals and Nutraceuticals;
• Sports and Recreation Goods;
• Firearms and Ammunition;
• Toys and Games.

Minimum Premium:

• $1,000 – $250K/$500K;
• $2,500 – $1M/$2M.

Policy Structure:

• Claims-made with cut-off date Recall Liability and Recall Expense;
• Policy Limits up to $2M available on primary basis;
• 12, 24, and 36-month ERP options available;
• Deductible and participation percentage options available.

Available Coverage Enhancements:

• Optional Additional Coverage – Loss of Income due to Loss of Reputation with Optional Extra Brand Remediation Expenses;
• Optional Cyber Security Consultant Costs Endorsement for “smart” products and digitally connected medical devices;
• Optional Fair Trade Recall Trigger Endorsement;
• Optional Pre-Recall Monitoring Expenses Endorsement;
• Optional Surgical Removal Costs Endorsement for implantable medical devices;
• Self-initiated recall and government initiated recall triggers.

Submission Requirements:

• Signed and dated Life Sciences Recall or General Product Recall supplemental application;
• Five year currently valued company loss runs;
• Copies of the following:
  • Any FDA, CPSC, or other government agency citations or recalls;
  • Current Declarations Page for cut-off date continuity;
  • Your product QA procedures and Recall plans;
  • Current Declarations Page;
• Website information or product catalog.