PRODUCT RECALL (sme).

OUR FOCUS

Our product RECALL (SME) policy is committed to safeguarding your business against financial and reputational risks. We understand that these events can lead to significant consequences, which is why our specialised coverage is dedicated to protecting businesses against the unexpected.

Product Recall SME is a dedicated product for SME businesses generating revenues less than $2,000,000. It is designed to mitigate risks by securing a more robust and comprehensive product recall offering covering first-party business costs associated with a recall.

Our SME offering is tailored to consumable goods for the food and beverage industry.

facility summary

  • Significant capacity offered up to $1,000,000

  • Competitive product coverage designed to meet the needs for business’s generating revenue less than $2,000,000

  • A simplified single limit option for the food and beverage industry

  • Greater balance sheet protection with indemnity periods up to 3 months

Policy Trigger Events

  1. Accidental Contamination

  2. Adverse Publicity

  3. Government Recalls

  4. Malicious Product Tampering

  5. Product Extortion

Loss Coverage

  1. Product Recall Costs

  2. Replacement Costs

  3. Business Interruption

  4. Defence Costs

  5. Third Party Recall Costs

  6. Rehabilitation Expenses

  7. Extortion Costs

  8. Approved Consultants Costs