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Product Recall and Contamination Insurance.
Protect your business, brand and bottom line from the financial fallout of a product recall or contamination event.
Why Product Recall Insurance Is Essential
Recent events in Australia have proven the enormous value of Product Recall and Contamination Insurance. Unfortunately, circumstances may arise that threaten the viability of your business - yet many companies remain dangerously exposed without this cover.
Who Needs This Cover
Product Recall Insurance is recommended for most manufacturers, exporters and importers, including food and beverage producers. While food and pharmaceutical recalls - orange juice, bean sprouts, strawberries, paracetamol - are best known, the list of recalled products also includes cars, airbags, electricals, clothing, toys, whitegoods and appliances.
Comprehensive Cover When You Need It Most
If you have to recall a product, the costs can mount quickly and unpredictably. We take the time to understand your business, assess the risks and put together comprehensive cover so you can move forward with confidence.
What This Policy May Cover
Costs of withdrawing a product from sale (temporarily or permanently)
Financial losses from product tampering, contamination or defects
Crisis management and consultancy expenses
Brand and reputation recovery, including marketing, advertising and PR
Loss of profits associated with the recall
Customer notification and communications
Every business has different requirements when it comes to product recall risk. Contact Maxton Insurance Brokers today so we can learn about your specific needs and design appropriate cover.