Product recalls are on the rise in many industries, including food production, pharmaceuticals, automotive, and consumer goods. Because of this, recall and contamination insurance are essential to business stability. RPS covers voluntary recall due to inadvertent or unintentional contamination, deficiency or mislabeling; malicious product tampering; reputational damage; product extortion; and government recall.
Coverage Highlights include:
- First & Third Party Recall Costs
- Replacement Costs
- Consultant Costs
- PLUS Endorsement - Loss of Gross Profit
- Extra Expense
- Rehabilitation Expenses or Consequential Loss (Third Party)