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 1st 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.
