Your business could incur significant costs if one of your products needs to be recalled, removed, or re-worked, including advertising in the national press, or destroying and discarding the faulty component in line with relevant laws.

How would your business cope if the media turned up on your doorstep following reports that a product you supplied was faulty/contaminated?

Unfortunately, Product Liability insurance does not necessarily protect your business if it is subject to a product recall. Therefore, Product Recall insurance cover is vital to protect your business for the costs and expenses of recalling your products.

All businesses face unique risks and there are a range of Recall policies to suit various industries. Please get in touch with our expert team to ensure your business has the correct cover in place.

WHAT CAN BE COVERED:

The costs of removing, repairing, or replacing products that have failed to perform their intended function.

Consequential losses suffered by customers of the Insured and/or third parties because of a defective product supplied for which the Insured is legally liable.

Recall expenses including inspection costs, destruction costs and slotting and re-slotting fees

Rehabilitation of brand including Public Relations assistance, promotional offers, sales and marketing expenses and advertising costs

Crisis consultancy cover with no deductible

Please note the above is a summary of different types of policy not all the bullet points are available under one policy.

GET IN TOUCH WITH OUR EXPERTS

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FAQS

Where is Specialist Risk Insurance Solutions located?

Our head office is in the City of London, the address is:

One America Square, 17 Crosswall, London, EC3N 2LB. We also have offices in Croydon and Ampthill, Bedfordshire however we are currently working remotely due to COVID-19.

Does my trade fall within Specialist Risk’s appetite?

We work with all types of trades across a multitude of industry sectors. Please call us to discuss your specific needs and our expert team will be happy to assist.

Specialist Risk Insurance Solutions
now operates the following: