Product Recall

Primary Policy Structure:

• Claims-Made with cut-off date Recall Liability and Recall Expense
• Policy limits up to $5M
• Deductible and participation percentage options available

Excess Policy Structure:

• Follow-Form coverage
• Up to $5M in capacity
• Available on an unsupported basis

Minimum Premiums:

• $1,000 – $250K/$250K
• $1,500 – $1M/$1M
• $10,000 –  $5M/$5M

Primary 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
• Worldwide coverage

Submission Requirements:

• Signed and dated Product Recall supplemental application
• Five-year currently-valued Product Recall and General Liability company loss runs
• Copies of the following:
  • Any FDA, CPSC, or other government agency citations or recalls
  • Your product QA procedures and recall plans
  • Current declarations page
• Website information or product catalog