Product Recall Insurance
Product recall insurance protects businesses against the financial losses associated with recalling a defective, contaminated, or hazardous product. This coverage helps manage expenses related to removal, disposal, replacement, and even reputational damage. Many policies also include proactive support to address potential risks before they escalate. Learn more about product recall insurance or get a quote for coverage today by contacting our agency.
What Types of Product Recall Coverage Are Available?
There are several ways to secure protection against product recalls, including:
- Basic liability insurance – Some general liability or commercial policies may provide limited recall coverage, but they often don’t fully cover the high costs associated with large-scale recalls.
- Product recall insurance rider – A specialized endorsement can supplement existing coverage, helping businesses recover recall-related losses such as transportation, public relations, and disposal costs.
- Stand-alone product recall policy – A comprehensive policy goes beyond basic coverage by addressing factors like regulatory fines, legal fees, and customer compensation. Stand-alone coverage also prevents recall-related claims from impacting general business insurance rates.
How to Get Product Recall Insurance
If you need product recall insurance, we’re here to help. Call The Turner Advisor Group to discuss your coverage needs and get a quote for a policy that fits your business.
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