• thumb
    Carefully Considered Cover
  • thumb
    On call Professional Advice
  • thumb
    To the point business insurance
  • thumb
    Business Insurance Especially Selected

Product Recall

Product contamination and product recall risks are increasingly in the headlines with household names withdrawing products from the supermarkets shelves.

Who is covered? All companies involved in the chain can arrange cover including the manufacturers/processors, distributors and retailers. Most policies require there to be actual or likelyhood of bodily injury to trigger a claim.

What is covered? Recall expenses, business interruption costs, rehabilitation expenses and professional consultant / advisor fees to manage the media and public relations in connection with the recall.

When arranging cover for our clients, due consideration is given to:

  • Types of products produced and supplied
  • Product source
    • Where are the products manufactured?
  • Product destination
    • To which countries are the products supplied. This will have a bearing on the premium charged and the likelyhood of recalls instigated
  • Target markets
    • Premiums will be rated on turnover estimates which can be split into categories to ensure cost is kept to a minimum
  • Checks and controls
    • Hazop studies / batch control / audits of suppliers premises
  • Limit of indemnity
    • The limit of indemnity will be in the aggregate ie. limit per policy period
  • Recall procedures

Castlemead Insurance Brokers have the knowledge, experience and market connections required to competitively place the required cover for your business.

Choosing your Insurance

Castlemead Insurance Brokers will pick the right business insurance saving you time and money

Need our Help?

Castlemead Insurance Brokers choose the right policy to suit you and your business