Product Recall Insurance
All manufacturing and distribution businesses have a recall exposure, but many do not protect themselves or their cash flow. CFC’s recall policies are designed to cover the potential fallout of such an event by providing comprehensive first-party indemnity, whether the event is triggered by a manufacturing error, a product safety issue, or a whole host of others such as animal by-product or allergen mislabelling. We also offer pre-incident consultancy to minimise the risk of a product
recall event occurring, and to mitigate the aftermath if it does.
Target risks
– Food and beverage
– Automotive components
– Consumer products
– Medical devices
– Restaurants
Key policy features
– Premises and product rectification costs, including redesign and remanufacture
– Loss of future sales, typically 12 months
– A wide range of costs associated with a recall including investigation, storage, transport, disposal and destruction of damaged goods
– Comprehensive brand and reputation protection
Key benefits to members
– Range of pre-incident crisis consultancy solutions
– Pre-incident consulting costs 100% covered by CFC
– Dedicated 24/7 CFC crisis management hotline for insureds in the event of an incident
– Response within 48 hours from the team on enquiries
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Provider
CONTACTS
Natasha Catchpole
Email: [email protected]
Tel: 020 7220 8500
CFC Underwriting Ltd
85 Gracechurch Street
London
EC3V 0AA
WEBSITE