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Automotive Recall

Automotive Recall

Product recall is often specifically excluded from Products Liability cover, leaving a business vulnerable to any product recall loss.

LIU Malaysia offers a customised Product Recall policy for automobile components.

At a glance:

  • Cover for exports to the USA and Canada
  • Ability to include Product Guarantee
  • Ability to cover critical components
  • Losses include:
    • recall costs (both retailer and customer)
    • replacement, refund and repair costs
    • customer loss of profits (by endorsement)
    • consultant and advisor costs
    • defence costs
  • Customised for individual client’s needs.
     
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