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Product Recall Insurance

Welcome to MarketScout's
Product Recall Insurance website!

Products Recall offers insurance protection in the event of a recall of an insured's product. This protection includes coverage for the insured's product recall expenses and liability to third parties for both finished and component goods. Product recalls can be voluntary or involuntary and very costly. A recall may involve numerous expenses including:

  • Costs associated with notifying customers
  • The cost of shipping and disposal of the product
  • Extra warehouse expenses
  • The cost of extra personnel required to conduct the recall
  • The cost to refund, repair or replace and ship the product back to the customer.

Endorsements available to extend coverage include:

  • Cost to Refund, Repair or Replace Insured's Product
  • Worldwide Coverage
  • Impaired Property Recall Response is available


Customer Profile: Recall Response is designed for the following types of operations:

  • Machining, stamping, assembly and heat treating operations
  • Metal and plastic component manufacturing
  • Food and beverage
  • Consumer product manufacturing
  • Electronic component manufacturing and equipment
  • Packaging and bottling operations
  • Medical products
  • Children's products
  • Pharmaceuticals
  • Distributors of foreign goods in the United States

Targeted Classes: The preferred market segments are accounts with annual sales of less than $700 million. Classes of business include food & beverage, medical, pharmaceutical, consumer and industrial products.

Target classes include:

  • Bakery
  • Breweries
  • Bottle Manufacture
  • Can Manufacture
  • Computers
  • Electronic components
  • Exercise Equipment
  • Firearms & Ammunition
  • Food Flavorings
  • Furniture & Fixtures
  • Household Appliances
  • Medical Products
  • Meat
  • Meat or poultry accounts
  • Printing/Packaging
  • Safety Products
  • Toys & Games
  • Vitamins

Examples of risks we DO NOT wish to write include:

  • Aircraft products
  • Automotive Products
  • Boats or Ships
  • Child Car Seats
  • Coffins and caskets
  • Explosives
  • Fireworks
  • Latex gloves
  • Paint, sealants and wood preservatives
  • Implanted medical or dental products
  • Nuclear materials
  • Parachutes
  • Tires
  • Tobacco products

Product Features:

Product Recall Expenses up to $10 million

Product Recall Liability up to $10 million

Minimum Premium $25,000

Our carriers can provide expert knowledge of various recall coverage's available and tailor our program to fit the requirements of an insured. In the event of a recall, claim expertise and a legal panel are available to guide an insured through government regulations and requirements.

Policy Features

Coverage A pays the first party expenses associated with the recall, such as notification, shipping, warehousing and additional personnel. Through attachment of an endorsement, Coverage A can be extended to include the cost of repair, replacement or refund of the product.

Coverage B provides coverage for the claims by third-parties seeking damages due to a product recall. Coverage B may be extended by endorsement to cover liability for impaired property. The optional impaired property endorsement provides coverage for the insured's products being incorporated into another company's product and causing it to not function properly.

Submission Requirements:

  • Completed Products Recall Insurance Application
  • 5 years or prior carrier premium & loss information

Recall Response is available admitted in most states and indications can be quickly obtained by providing the following information:

  • Name of the account, location(s) and web site address
  • Brief product description, number of units
  • Past recall history
  • Projected annual sales
  • Contact information

In addition to Products Recall, we can provide a wide range of other risks management programs including:

Contaminated Products Insurance: Designed for food and beverage companies, Contaminated Products Insurance covers losses associated with malicious product tampering and accidental product contamination. Coverage encompasses the far-ranging costs associated with these incidents, including the costs of the recall itself and related business interruption, business rehabilitation and consultant expenses.

Classes of Business - CPI

Classes of risks include a wide variety of manufacturers, processors, and retailers in the stream of commerce of the food supply chain as well as pharmaceutical and cosmetics. The major eligibility factor is that the product must be ingestible or topical. Typical food risks include canneries of fruits and vegetables; manufacturers of grocery products such as breakfast cereals and boxed flour or grain products; condiments; baked goods and snack food; and supermarket chains.

The preferred market segments are accounts with annual sales of less than $700 million. Target classes of business include:

  • Bakery
  • Spirits, Wines and Breweries
  • Candy
  • Chocolate
  • Coffee/Tea
  • Cookies and Crackers
  • Dry ready to eat meals
  • Retail
  • Supermarkets
  • Spices

Classes we DO NOT write:

  • Basic grains and animal feeds
  • Bean sprouts
  • Importers of food products
  • Meat, Poultry, slaughter, packing and processing
  • Nutraceuticals
  • Restaurants, cafeterias and buffets
  • Unpasteurized juices

Kidnap & Ransom/ Extortion Insurance

Essential for companies with overseas employees, executives who travel frequently and high net-worth or high-profile individuals and their family members, Kidnap & Ransom/Extortion Insurance response to losses arising from kidnapping or extortion events, including: kidnapping or alleged kidnapping; bodily injury extortion; property extortion; product contamination extortion; trade secret/computer virus extortion; wrongful detention and hijacking.

Specific losses addressed under the policy include: ransom/extortion monies; in-transit/delivery fees; consulting fees; judgments, settlements and legal costs; and death and dismemberment.

Workplace Assurance

Workplace Assurance not only protects financial loss (business interruption, rehabilitation expenses and death benefits), but also provides the services, a leading crisis management and security consultant, to manage incidents on the policyholder's behalf, providing pre-incident security briefings, and act in a response capacity.




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