For producers of consumer goods, you can get help preventing a recall, as well as protection from financial losses if you are affected by such an event.
Product Recall Insurance for Consumer Goods Coverage Highlights
- The perfect coverage for the new or established business owner.
- Coverages are made-to-order allowing policyholders to select "add-on" coverages based on their needs or their budget.
- Crisis consultants available 24/7 via our emergency hotline.
- Minimums:
- $5,000 minimum SIR
- $2,500 minimum SIR for small businesses
- Limits:
- Chubb’s Product Recall unit has $5 million in limits available on a primary and excess basis. Additional capacity may be considered on a case by case basis.
- Restricted Classes:
- Drop side cribs
- E-cigarettes
- Fireworks
- Products that are incorporated as a component or constitute a part of any third party's products or goods.
Product Recall Insurance for Consumer Goods Client Profile
On a primary basis we are focusing on companies with sales up to $1 billion. Companies with sales in excess of $1 billion will be considered with either a high self-insured retention or on an excess basis.
For Consumer Goods, the target risks are finished products in the areas of appliances, electronics/electrical, clothes, furniture, household, children's products, outdoor goods and products, sports/exercise equipment and products, etc.
The types of risks considered include manufacturers, importers, distributors, wholesalers, retailers, etc.
Specialized Consultants, for Specialized Businesses
Businesses have 24/7 access to a network of specialized product recall consultants on a post incident basis. Our group of experts are leading industry professionals who are familiar with the regulatory challenges and nuance of the product recall market.
Related Resources
Contact
Have questions about product recall insurance or need more information, email us at recall.info@chubb.com.