Product Recall
Offered by Greenwood General Insurance Agency
Product Recall Food And Beverage Recall Medical Device Recall Contamination Manufacturing ErrorDescription
Greenwood's Product Recall commercial insurance program focuses on a diverse range of target classes, including aircraft and drone parts, blood and tissue banks, clothing, cannabis products, consumer electronics, electronic cigarettes and tobacco, firearms and ammunition, food products, pet foods and toys, pharmaceuticals and nutraceuticals, sports and recreation goods, and toys and games. Each sector benefits from specialized coverage designed to address the unique risks associated with product recalls, ensuring comprehensive protection and effective risk management strategies tailored to the specific needs of each industry.
Policy Structure:
Our Product Recall commercial insurance program offers primary coverage with Claims-Made policy forms that include cut-off date Recall Liability and Recall Expense provisions. Policy limits are available up to $5 million on a primary basis, with flexible deductible and participation percentage options to suit specific risk management strategies. Additionally, our Excess coverage provides Follow-Form protection with capacity up to $5 million, available on an unsupported basis for comprehensive layered protection against product recall risks.
Submission Requirements:
- Product Recall Supplemental application, signed and dated.
- Five-year currently valued loss runs for Product Recall and General Liability.
- Â Any citations or recalls from FDA, CPSC, or other government agencies
- Product quality assurance procedures and recall plans
- Current page of declarations
- Information from website or product catalog
Minimum Premium:
- $1,000 - $250K/$250K
- $1,500 - $1M/$1M
- $10,000 - $5M/$5M
Details
Appointment Required
Carrier Information
Non-Admitted
Rating A
Rating By AM Best
Listing Contact
Catherine Mcmackin Marketing & Administrative Assistant
Offered By
Availability 11 states
Covered
Not Covered
