A scientist using a pipette to examine samples in Petri dishes, symbolizing quality control, product safety, and protection through product recall insurance.

Insurance for manufacturers and retailersRecall cost insurance

A product is faulty or harbours potential risks for consumers? In such cases, a recall may be unavoidable – and involve considerable costs. MRH Trowe supports you with sound advice and the arrangement of suitable recall cost insurance.

The insurance covers typical recall costs such as transport, storage, disposal, communication and any replacement measures. This protection is particularly essential for manufacturers and retailers in order to minimise economic risks and loss of reputation in the event of an emergency.

For whom is recall cost insurance useful?

  • Manufacturers and producers
  • Trading and distribution companies
  • Companies with safety-relevant or consumer-related products
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Insured risks & hazards

Recall cost insurance protects your company against the financial consequences of defective products and the resulting recall campaigns. Among other things, the following are covered:

  • Product defects: Assumption of costs of product recalls due to material or manufacturing defects.
  • Health risks: Recall costs in the event of potential risks to consumers, e.g. due to impurities or contamination.
  • Security concerns: Cover for recalls due to recognised safety problems – whether initiated by the company itself or by the authorities.
  • Regulatory requirements: Insurance cover for recalls due to legal requirements or official regulations.
Possible scope of cover & extensions

Depending on the structure of the policy, the insurance may include the following benefits:

  • Return, replacement and disposal of affected products
  • Organisation and assumption of costs of client communication
  • Temporary storage of recalled goods
  • Coverage of legal expenses in connection with the recall measure
  • Passing on information to dealers, clients and contractual partners
Insured Persons
  • The company itself
  • Management and senior executives
  • Employees who work in production, quality assurance or recall management

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