This cover protects a company against the first and third-party costs associated with recalling a product from market. Cover can include costs associated with pulling the identified products from shelves / in transit, consultancy costs, and replacement costs.
Claims examples include
- A large automotive company recalling roughly 8 million vehicles due to faulty pedals which caused unintended acceleration
- A food processing company suffering from a salmonella outbreak in the processing plant leading to a widespread product recall issued by the Food and Drug Administration (USA)