Catlin’s First Party Recall Insurance is designed to protect businesses and counteract the potentially damaging effects of a recall by covering the key expenses and also providing crisis management planning and loss prevention services through our team of expert consultants.
Product Highlights
Coverage is provided for the following incidents:
- Accidental omission of a component or substance in the manufacture of the Insured Product; or
- Accidental introduction or accidental substitution of a component or substance during the manufacture of the Insured Product; or
- Error by the Insured in the design, manufacture, packaging, blending, mixing, labeling or storage of the Insured Product; or
- Actual, alleged or threatened, intentional and malicious, and wrongful alteration of the Insured’s Product(s), whether or not by an employee of the Insured, so as to render it unfit or dangerous for its intended use or to create such impression to the public.
Target Market
- Consumer Products
- Consumer Goods
The preferred market segments are accounts with annual sales up to $250 million*.
Limits
Premium
Program Parameters
- Primary and excess coverage available
Coverage
- Recall Costs
- Loss of Profit
- Rehabilitation Expenses
- Restore, Repair and Refund Expenses
- Third Party Recall Costs
- Extortion Monies
- Consultant Costs
Product offerings are underwritten through the following companies: Catlin Specialty Insurance Company, Catlin Insurance Company, Catlin UK, Catlin Bermuda, and the Catlin Syndicate. All companies have been assigned a Best rating of “A” (Excellent) XV.
Margaret Curcio | 404.443.4925 | margaret.curcio@catlin.com