Russell Bond & Co., Inc.
Contact Us
contact_phone Click to call
Russell Bond & Co., Inc.
Contact Us
contact_phone Click to call

Products Recall Insurance

It takes time, resources and dedication to build a product and establish a brand name.

And protecting that brand name is of great importance since reputation is always on the line.  The last thing any company wants is a recall.  What can at first seem inconsequential can later have devastating effects on a company’s bottom line.

 

Thousands of products are subject to recalls every year.  They are complex and expensive, and increase the probability of claims.  To avoid potential disaster, organizations are looking to crisis management products such as Products Recall coverage. 


Base Coverage Includes:
• Defense Costs
• Recall Costs
• Consultant Costs
   o Recall Plan Preparation
   o Recall Procedure Testing
   o Pre-Incident training

There are three distinct Products Recall policies.

Consumer Goods
• Coverage for product defects that result in, or would result in, Bodily Injury (BI) / Physical Damage (PD).  Consumer Goods includes finished products such as children’s products, appliances, furniture, sports and exercise equipment, clothes, and electronics.Component Parts
• These are parts that are used in general manufacturing, medical device, electronic, automotive and aviation industry.  Insured events include: imminent danger of BI/PD, impaired property, product use resulted in BI / PD.Consumable Products
• Coverage for common products such as food, beverages, pharmaceuticals and cosmetics.  Insured events include: Malicious Tampering, Accidental Contamination.


Coverage also includes Post Incident Costs.  This assists with costs related to public reactions services, assistance dealing with regulators and forensic research into root cause of incident.

Don’t let one incident tarnish what took years to build!

 A Products Recall policy offers services to help the insured respond quickly and effectively to protect their brand name.  It provides a company the valuable opportunity to reinforce their commitment to safety, quality and service.

 

For additional information or to speak with one of our team member please send us an email.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Agency
  • Admitted:
    Some Available States
  • Carriers:
  • Carrier Ratings:
    A.M. Best Rating
  • Commission:
    -
  • Min Premium:
    -

Browse

Request a Quote Now!

LOCATION

295 Main Street , Suite 866
Buffalo, NY 14203
800-333-7226
CompleteMarkets is The Insurance Industry's Professional Network
Please Register for FREE or Sign In to contact
Not an Insurance Agent? No problem, we help hundreds of people find the right agent/advisor every day!
Visit our dedicated Insurance Consumer section and we will recommend the right agent for your specific needs.

Russell Bond & Co., Inc. has other insurance programs like Employment Practices Liability Insurance.