Product Recall – Manufacturing Risk and Response

We offer two unique coverage solutions that address the root of the problems manufacturing insureds may face, including errors in the supply chain or errors that can occur during the design, manufacturing, or distribution of a product.   

• Manufacturing Risk for Consumer Goods & Component Parts: All finished non-food products and component parts for any industry 
• Manufacturing Risk for Consumable Products: All topical and ingestible products for use or consumption 

Why Choose Beazley Product Recall – Manufacturing Risk and Response? 

• Clear and concise policy forms with minimal exclusions and comprehensive coverages
• Policies can include no self-insured retentions, long-term agreements, and unique coverages not offered by other markets
• Experienced and innovative underwriting team with global expertise
• Single point of contact for claims, ensuring a seamless claims experience
• Access to best-in-class product recall consultants

Wide range of food and non-food classes considered in all supply chain areas, including: 

• Growers
• Suppliers
• Manufacturers
• Distributors
• Wholesalers
• Retailers

Consumables - $58M frozen bakery products manufacturer – Insured bakery detected metal in its finished pastry resulting in three weeks of lost production. The insured was reimbursed over $1.5 million in lost inventory, customer credits, and freight, storage and disposal costs. Beazley is coordinating a subrogation action against ingredient supplier.

Consumer Goods - $11M chafing dish fuel manufacturer – Insured withdrew chafing dish fuel canisters when customer complained leaking cans were causing property damage to adjacent products. The insured was reimbursed $32,000 in customer credits and for affected inventory and freight, re-packing and disposal costs.