Product recall is often specifically excluded from Products Liability cover, leaving the business vulnerable to any product recall loss.
PRplus is LIU’s Product Recall policy for consumer and commercial durable products.
At a glance:
- Broader cover than standard extension to General Liability policies
- Losses include:
- recall costs (both retailer and customer)
- replacement, refund and repair costs
- loss of profits
- consultants and advisor costs
- Customised for individual client’s needs
- Target market includes (but not limited to):
- toys and bicycles
- power tools
- home and office furniture
- pool supplies.