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The prospect of a product recall can present a real threat to a manufacturer’s existence; maintaining key business relationships, restoring both trust and production and protecting cash flow is absolutely vital. Skillful handling of a recall not only minimizes the potential damage caused by a defective product, but also demonstrates reliability, professionalism and trust to important wholesale and retail connections – which are essential components when the time comes for speedy redistribution and remarketing of the product.
The direct costs of recalling a product are often only a fraction of the true cost to the business. Our protection goes well beyond meeting the conventional recall charge, and can be tailored to the unique needs of your business.
Our global experience and expertise, together with strong relationships with market-leading independent adjusters, forensic accountants and coverage counsels, ensure innovative solutions and tools for our customers.
Cover is designed for manufacturers, producers, suppliers and retailers of foods, pharmaceuticals, cosmetics, or consumer goods.
Recall costs, replacement costs, extortion costs, rehabilitation expenses, consultant costs and business interruption.