Contact
Visit our website at coverx.com.
Related Pages
Supplemental Applications
- + Applications
- recallPROTECT - Consumable Products Application Form
- recallPROTECT - Consumable Products Application Claims Supplemental Form
- recallPROTECT - Consumer Goods & Products Application Form
- recallPROTECT - Consumer Goods & Products Application Claims Supplemental Form
- recallPROTECT - Suppliers & Component Parts Application Form
- recallPROTECT - Supplier & Component Parts Application Claims Supplemental Form
- restaurantPROTECT - Restaurant Chain Application Form
- restaurantPROTECT - Restaurant Chain Application Claims Supplemental Form
Policy Forms
- + Consumable Products
- Consumable Prod recallPROTECT - Consumable Products Wording
- Consumable Prod recallPROTECT - Adverse Publicity Endorsement
- Consumable Prod recallPROTECT - Customer Extra Expense Endorsement
- Consumable Prod recallPROTECT - Defense Costs Endorsement
- Consumable Prod recallPROTECT - Extra Expense Endorsement
- Consumable Prod recallPROTECT - Governmental Recall Endorsement
- Consumable Prod recallPROTECT - Long Term Agreement Endorsement
- Consumable Prod recallPROTECT - Product Extortion Endorsement
- Consumable Prod recallPROTECT - Rehabilitation Expenses Endorsement
- Consumable Prod recallPROTECT - Replacement Costs Endorsement
- Consumable Prod recallPROTECT - Customer Loss of Gross Profit Endorsement
- Consumable Prod recallPROTECT - Customer Rehab Expense Endorsement
- Consumable Prod recallPROTECT - Loss of Gross Profit Endorsement-3 months
- Consumable Prod recallPROTECT - Loss of Gross Profit Endorsement-6 months
- Consumable Prod recallPROTECT - Loss of Gross Profit Endorsement-9 months
- Consumable Prod recallPROTECT - Loss of Gross Profit Endorsement-12 months
- Consumable Prod recallPROTECT - All Policy Forms
- + Consumer Goods
- Consumer Goods recallPROTECT - Wording for Consumer Goods and Products
- Consumer Goods recallPROTECT - Adverse Publicity Endorsement
- Consumer Goods recallPROTECT - Customer Extra Expense Endorsement
- Consumer Goods recallPROTECT - Customer Loss of Gross Profit Endorsement
- Consumer Goods recallPROTECT - Defense Cost Endorsement
- Consumer Goods recallPROTECT - Extra Expense Endorsement
- Consumer Goods recallPROTECT - Governmental Recall Endorsement
- Consumer Goods recallPROTECT - Long Term Agreement Endorsement
- Consumer Goods recallPROTECT - Product Extortion Endorsement
- Consumer Goods recallPROTECT - Rehabilitation Expense Endorsement
- Consumer Goods recallPROTECT - Replacement Cost Endorsement
- Consumer Goods recallPROTECT - Customer Rehab Expense Endorsement
- Consumer Goods recallPROTECT - Loss of Gross Profit Endorsement-3 months
- Consumer Goods recallPROTECT - Loss of Gross Profit Endorsement-6 months
- Consumer Goods recallPROTECT - Loss of Gross Profit Endorsement-9 months
- Consumer Goods recallPROTECT - Loss of Gross Profit Endorsement-12 months
- Consumer Goods recallPROTECT - All Policy Forms
- + Restaurants
- restaurantPROTECT - Restaurant and Fast Food Chain Wording
- restaurantPROTECT - Adverse Publicity Endorsement
- restaurantPROTECT - Extra Expense Endorsement
- restaurantPROTECT - Franchisee Endorsement
- restaurantPROTECT - Long Term Agreement Endorsement
- restaurantPROTECT - Product Extortion Endorsement
- restaurantPROTECT - Recall Costs Endorsement
- restaurantPROTECT - Replacement Costs Endorsement
- restaurantPROTECT - All Policy Forms
- + Component Parts
- Supplier recallPROTECT - Suppliers and Component Parts Wording
- Supplier recallPROTECT - Governmental Recall Endorsement
- Supplier recallPROTECT - Customer Extra Expense Endorsement
- Supplier recallPROTECT - Customer Loss of Gross Profit Endorsement
- Supplier recallPROTECT - Customer Rehabilitation Expense Endorsement
- Supplier recallPROTECT - Long Term Agreement Endorsement
- Supplier recallPROTECT - Loss of Gross Profit Endorsement _3 months
- Supplier recallPROTECT - Loss of Gross Profit Endorsement _6 months
- Supplier recallPROTECT - Loss of Gross Profit Endorsement _9 months
- Supplier recallPROTECT - Loss of Gross Profit Endorsement _12 months
- Supplier recallPROTECT - Replacement Costs Endorsement
- Supplier recallPROTECT - All Policy Forms
Product Recall
Recalls can be a complex and expensive business. A fast and effective recall gives a company the valuable opportunity to reinforce their commitment to safety, quality and service. In contrast, a badly managed recall can lead to adverse publicity and brand damage.
Our philosophy is to offer traditional insurance with best-in-class consulting services on a pre-incident and response basis.
Products
- recallPROTECT+ for Consumable Products
- recallPROTECT+ for Consumer Goods
- recallPROTECT+ for Component Parts
- restaurantPROTECT+ for Foodborne Illness Insurance for Restaurant Chains
Capacity/Coverage
- $10,000,000 capacity
- Minimum attachment $25,000
- On a lead basis, companies with sales up to $1B will be considered.
- Companies with sales in excess of $1B will be considered with either a significant self-insured retention or on an excess basis.
- No minimum premium (automotive industry products minimum is $25,000)
Highlights of coverage
- Basic policy covers recall costs and consultant costs (unlimited and no SIR applies).
- Customized approach allows policyholders to select “add-on” coverages, such as Loss of Profit, Replacement Costs, Rehabilitation Expenses, Customer Loss of Gross Profit, and many more.
- Access to consultants via a 24/7 emergency hotline.
- 10% of net premium offered to policyholder annually to cover loss mitigation costs.
Target Risks
- Consumable Products include food & beverage companies, cosmetics, tobacco, pharmaceutical and pet food (excluding animal feed). The target risks can be a supplier of ingredients, co-packer, processor, manufacturer, bottler, importer, distributor, packager, wholesaler, etc.
- Consumer Goods are finished products in the areas of appliances, clothing, electronic/electrical, furniture, household, children’s products, outdoor, sports/exercise, etc. The risk can be a manufacturer, importer, distributor, wholesaler, retailer, etc.
- Component Parts are manufacturers, distributors, importers, exporters and wholesalers of components for the general manufacturing and automotive industry. For the automotive industry, only Tier 1–4 suppliers would be considered.
- Restaurant targets are local and regional restaurant chains, including franchisees. National chains will only be considered on a high excess layer.
To learn more, visit: http://www.coverx.com/ProductRecall.html
This material is provided for information purposes only and is not intended to be a representation of coverage that may exist in any particular situation under a policy issued by one of the Crum & Forster companies. All conditions of coverage, terms and limitations are defined and provided for in the policy.