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cean Marine & Shipping Insurance | Contamination & Recall Insurance |

COVER AGENCY, Ltd

Recall Insurance


PRODUCT RECALL  INSURANCE

and

PRODUCT CONTAMINATION INSURANCE

Coverage Available Both Within the United States and Internationally

A.  Contamination Products Insurance

1. Provides Insurance Coverage for:

a. Accidental Contamination - Substantial Domestic and International Capacity..

b. Malicious Product Tampering - Substantial Domestic & International Capacity.

c. Product Extortion - Substantial Domestic & International Capacity.

2. Provides Insurance Compensation for:

1. Business Interruption

2. Rehabilitation Expenses

3. Recall Expenses

4. Extortion Costs

5. Consultant Expenses

B. PRODUCT RECALL INSURANCE

1. Provides Insurance Coverage for:

a. First Party Recall Expenses

b. Third Party Recall Liability Injuries / Damages

2. Insurance Losses Are Based Upon

a. Compensatory Damages (For a wide variety of consumer and industrial products) where product recall causes financial injury to third parties.

b. Recall logistic expenses

c. Consultant expenses

d. Defense costs

Insurance Underwriters will Consider Contamination Products Insurance Coverage  and/or Product Recall Insurance Coverage for the following types of commercial products markets:

  • Appliances
  • Bakeries
  • Bakery Products
  • Beverages—including carbonated, wine, and beer
  • Candy  and Confectioneries
  • Consumer Goods
  • Dairy
  • Electronics
  • Food Industry
  • Frozen Foods
  • Furniture Products
  • Industrial Products
  • Manufacturers
  • Packaging Products
  • Pasta
  • Processed Foods
  • Retailers
  • Rice
  • Seafood—canned, cured, fresh, frozen fish and seafood
  • Snack Foods— including potato chips, etc.
  • Sporting Goods
  • Toys

Additional Information, Contact:

Priscilla Li, Vice President

Cover Agency, Ltd.

Email: priscillali@coveragency.biz

Direct:  (347) 886-9778

Office:   (718) 591-2400




COVER AGENCY, Ltd

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