What we offer

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 

How can we help

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.  

Who we can help

Component Parts and Consumer Goods: 

  • After-market products 
  • Apparel & accessories 
  • Appliances & electronics 
  • Automotive components 
  • Aviation/aerospace components 
  • Cleaning & janitorial supplies 
  • Furniture & home furnishings 
  • General manufacturing & industrial components 
  • Home improvement products 
  • Medical devices & implants 
  • Medical device components 
  • Metal components 
  • Paper goods 
  • Plastic & rubber components 
  • Sporting goods & hobby products 
  • Textile components 
  • Tools & hardware 

Consumable Products:  

  • Cosmetics 
  • Nutraceuticals & pharmaceuticals 
  • Toiletries  
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Where Is This Offered?

  • Direct: Singapore and Hong Kong 
  • Reinsurance: Worldwide, minus sanction countries (excluding North America and Europe) 
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The Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better.  A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond.  Simply put, at  Beazley we go to 11.  

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team.  Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Your Beazley Team

 
 

Florian Beerli

Florian Beerli
Underwriters

Florian Beerli

Head of Specialties and US Programs / Global Head of Product Recall

Farmington, CT, USA

+1 860-677-3541 Email Florian Beerli View profile

Ryan Cleary

Ryan Cleary
Claims Managers

Ryan Cleary

Claims Team Leader - Global Small Business

New York, NY, USA

+1 212-801-7181 Email Ryan Cleary View profile

Jae Pak

Jae Pak
Underwriters

Jae Pak

Underwriter - Product Recall

Singapore

+65 6597 2600 Email Jae Pak View profile

Jessica Schappell

Jessica Schappell
Claims Managers

Jessica Schappell

Claims Manager

Singapore

6565766274 Email Jessica Schappell View profile

John Zeitler

John Zeitler
Claims Managers

John Zeitler

Claims Focus Group Leader - Small Business Healthcare

New York, NY, USA

+1 212-801-7152 Email John Zeitler View profile