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Product Recall
Product recall situations present real threats to manufacturers; maintaining key business relationships, restoring production and protecting cash flow is absolutely vital. Skilful handling of a recall not only minimises any damage caused by a faulty product, but also demonstrates reliability and professionalism to important wholesale and retail connections – which will be essential components when the time comes for speedy redistribution and remarketing of the product.
Why Tata AIG?
AIG Recall Insurance can protect businesses from the devastating effects of such recalls; covering the key expense areas and also providing the expertise of RQA, Hill & Knowlton or other independent recall consultants to guide the company through the critical first few weeks of a product recall
What does this Insurance Cover?
  1. Product Recall Expenses
    • Communication (radio, TV, Internet, ads…)
    • Shipping from purchaser, distributor or user
    • Overtime and additional personnel costs
    • Storage costs and cost of disposal
  2. Product Recall Expense Liability: Legal liability to pay as compensatory damages arising out of the recall
  3. Consultants Cost: Cost of RQA ‘s expertise
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