Product Recall

When a manufacturing error or recall incident occurs, our comprehensive coverage will reimburse insureds for the exposures related to manufacturing errors or product recalls are ongoing and increasing in occurrence regardless of a company’s size or industry. No matter where a company resides in the supply chain, these exposures can pose a significant impact to a company’s balance sheet and reputation. 

Beazley’s Product Manufacturing Risk & Response offering for the Asia- Pacific region is an innovative insurance solution that provides comprehensive protection businesses and customers need from recall risks.  

the costs they incur to get their product out of the stream of commerce, replace it, as well as the expenses to protect their brand and mitigate the loss. In addition to the product replacement and brand reputation coverage, we also provide coverage to protect their profits as well as the damages incurred by a third party. Beazley offers two products:  

Component parts and consumer goods – all component parts for any industries (incl. Automotive, aviation, medical devices etc.) and any finished non-food products 

Consumable products – all topical and ingestible products for human use or consumption   

• First party reimbursement policy (including third party damages) 
• Claims made policy  
• Worldwide coverage 
• Limits as low as $50,000 & up to $5M 

We help clients protect their businesses and customers when product recalls and manufacturing errors occur. Brokers and policyholders benefit from our global expertise, efficient claims handling, best-in-class consultants by line of business, and experienced and innovative underwriting capabilities.  

Beazley also provides clear and concise policy forms that provide greater clarity for clients, along with unique policy elements, and coverage for smaller businesses that other insurers overlook.