Product Recall Insurance is an essential safeguard for businesses facing the unpredictable costs of recalling defective or contaminated products. By covering everything from recall logistics to potential brand damage, this insurance helps companies maintain financial stability and customer trust through challenging times.
Understanding what product recall insurance covers is key—it includes coverage for recall logistics, pre-recall expenses, and even business interruption if required, all crafted to meet the unique demands of your industry.
With MIR’s arranging specialized product contamination insurance and recall logistics insurance, you can focus on your business’s growth, knowing you’re protected against the unexpected.
Cover all essential aspects of a recall, such as recall logistics and product disposal, to protect your business from the substantial costs of a recall. This recall insurance is designed to alleviate financial strain during challenging times.
Safeguard your brand’s reputation by executing recalls efficiently, ensuring customer trust remains intact.
Minimize disruptions to your business with coverage for business interruption, allowing you to focus on resuming normal operations as soon as possible.
Gain access to seasoned consultants who offer expert guidance at every stage of the recall, from planning to execution, ensuring a seamless and controlled response.
Coverage for essential recall logistics, including product retrieval, disposal, and transportation, ensuring a swift and organised response.
Financial assistance to cover expenses incurred by your retailers or distributors affected by the recall, offering broader protection across your supply chain.
Support for early response actions, allowing you to address issues before a full recall is launched.
Tailor your policy with additional options, such as brand rehabilitation, protection against product extortion, and coverage for malicious tampering.
Secure financial stability by protecting against the significant costs associated with recalling consumer goods.
Essential coverage for businesses selling consumer products, helping them manage the risks and liabilities that come with recalls.
A critical layer of protection for companies operating in high-risk sectors like food and beverage, where recalls can lead to severe financial and reputational damage.
Tailored policy limits that adapt to your business’s unique recall risk profile, providing protection for both small and large-scale incidents.
Customizable deductible options, allowing you to adjust premiums while maintaining manageable out-of-pocket costs.
Standard exclusions apply, such as prior known defects and regulatory non-compliance; policies can be further customised to meet specific requirements.
Enhance coverage with options like intentional contamination protection, adverse publicity management, and comprehensive crisis response.
Coverage includes logistics costs for recall, disposal, crisis management, and support for third-party expense
Reach out via our website, phone, or email to connect with our knowledgeable insurance experts. They are ready to delve into your business's unique needs and address any inquiries you may have.
We'll organise a consultation to evaluate your business's physical assets and pinpoint potential risks. During this meeting, we will guide you through various coverage options, limits, and additional protections, such as Business Interruption.
We will use the insights gathered to prepare a personalised insurance quote that matches your business requirements. We'll go over this quote with you, detailing policy specifics, deductibles, and premium choices for complete understanding.
When you decide to proceed, we'll finalise your policy. Our team will assist you through the necessary paperwork, ensuring a seamless and straightforward process.
With your insurance secured, you can manage your business with assurance, knowing your assets are safeguarded against unexpected events. If you need to file a claim or adjust your coverage, our dedicated team at MIR will handle the entire claims process for you, providing support and guidance every step of the way.
