Excess Success with Recall Accounts

Recent Recall Wins: Fast Response and Creative Underwriting

Our Product Recall Division has written Follow Form Excess solutions for hard-to-insure accounts over the past year.

You can add your Excess Product Recall accounts to our growing list of wins!

• Pasta and noodle manufacturer: A food processing company located in South Carolina needed excess coverage over a $2M/$2M recall policy. We delivered a quote 6 hours after the broker sent us the submission!
  • Total policy premium: $15,000
  • Expected sales: $40M

• Frozen foods manufacturer: A manufacturer of plant-based frozen foods was looking for higher Product Recall Excess limits to accommodate the company’s growth strategy and potential expansion. The company had a clean loss history since its it was founded in 2018. We provided a $5M x $2M Excess Product Recall policy over another carrier’s $2M Product Recall policy.
  • Total policy premium: $18,000
  • Expected sales: $22M

• Snack food manufacturer: A family owned and operated food manufacturer located in the northeast was seeking excess Product Recall coverage after a FDA recall that same year involving several products containing peanut residue. We provided a $3M x $2M Excess Product Recall policy after confirming the company’s recall protocol and product testing procedures.
  • Total policy premium: $17,500
  • Expected sales: $30M

• Hair products and cosmetics distributor: A distributor of hair products and perfumes located in South Carolina was seeking Excess Product Recall coverage after obtaining Product Recall coverage for the 1^st The broker turned to us knowing the account needed a quick turnaround, and we met the broker’s expectations with a $3M x $2M Excess Product Recall policy.
  • Total policy premium: $8,250
  • Expected sales: $5M

• Food & beverage and cosmetic packaging: A midwestern based manufacturer of shrink film for food, industrial, and household product packaging needed Excess Product Recall coverage after one of the company’s clients required a $5M Recall policy. Our follow form Excess Product Recall quote provided the extra coverage the company needed to meet their client’s requirement.
  • Total policy premium: $18,500
  • Expected sales: $75M

Our target classes for unsupported Excess Product Recall coverage on a follow form basis include:

• 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
• Toys and games

Kinsale has solutions for your hard-to-insure Excess Product Recall accounts.