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Can you limit damage from a product recall?

A lawn chair designer/manufacturer ships 10,000 chairs to retailers across the country and then learns that a sharp metal hinge has injured several buyers. All the chairs must be recalled.

Most carriers cover the cost to recall defective products, but only Fireman’s Fund pays for associated expenses incurred by the retailers, when there is an error in design, manufacturing or product labeling. This extra coverage allows manufacturers to maintain excellent relations with their customers.

We also cover advertising expenses incurred to announce the recall and to restore your good name.

To learn more, contact a > Fireman's Fund independent agent.

Protect your assets and your bottom line
How can you get employees back to work sooner?
How can you prevent future injuries?
Can you limit damage from a product recall?
What is the coverage for design defects?
Can you survive an extended closure?
Can you afford to replace a key employee?
What if your prototype is lost?
If your supply chain breaks, are you covered?
How long will a claim close you down?
Can you afford to rebuild green?
Can risk management increase profitability?
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These descriptions of coverage are abbreviated and are subject to the terms, conditions and exclusions of the actual policy, which forms the contract between the insured and the insurance company. Availability of coverages, credits and options may vary by state.
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