Product Recall Liability Coverage
Manufacturers, distributors and retailers face serious consequences when their products are deemed defective or dangerous to their buyers and users. Even companies with the highest commitment to quality have been hit with financial damages in the millions because their products were posed as a threat to property and caused bodily injury and had to be recalled.
Product recall and withdrawal is an expensive process. Recall liability insurance protects your business from expenses, such as:
- Notifying your buyers and users of your product recall through correspondence, media announcements and advertising.
- Replacing, removing, recovering, repairing, treating or returning and transporting your defective or dangerous products.
- Financial losses for buyers or third parties as a result of the failure of your products.
If your business profits from the sales of goods, you may face product recall liability exposures. Our Insurance Brokers have the expertise to help you identify your risks and develop a policy that is right for your business.
The Pemberton Business Insurance Process – Securing You Better Coverage and Rates
If you’ve needed business insurance in the past, you already know how difficult it can be to not only obtain proper coverage, but to get it at a reasonable price. Pemberton Commercial Brokers know how to best present your business to insurance underwriters, giving your business favourable risk to insure so you will obtain the best possible coverage and rates.
Our multi-step process includes:
- Submitting to underwriters
- Obtaining multiple quotes from top-rated insurers
- Providing recommendations for insurance selection based on your specific needs
- Submission of all insurance forms to obtain coverage.
Pemberton business clients are placed with top tier insurance firms who are known for handling claims fairly and quickly. You get the quality protection and service you need to get your business back on track from an unexpected loss or lawsuit.
Industry specific coverage is available for:
Industry specific coverage is available for:
We acknowledge your success and deliver peace of mind.