Insurance for the Component Parts Industry
Product Recall Insurance for Component Parts is designed for manufacturers of component parts, such as components for general manufacturing, aviation or the automotive industry, as well as any company that is involved in any aspect of the production or distribution of a component parts product.
Product Recall Insurance for Component Parts
- Coverage: Non-admitted through appointed brokers
- Capacity: $15,000,000 primary or excess
- Coverage Territory: Worldwide for U.S. domiciled risks
- Minimum Premium: $5,000
- SIR: $5,000 minimum for primary coverage
To learn more, download our product sheet or contact our underwriters.
Contact
Steve Fomchenko
President
Property Division
973-490-6542
Steve.Fomchenko@cfins.com
Eileen Miller
Vice President
Crisis Management
860-509-4518
Eileen.Miller@cfins.com
Downloads
Product Recall – Component Parts
Application & Claims Supplemental Forms
Crisis Management Overview
Solutions & Services
Product Recall – Consumer Goods
Product Recall – Consumable Products
Foodborne Illness Insurance
Property
Commercial Lines
Surplus & Specialty Lines
Claim Services
Product Recall Insurance for Component Parts
TARGET CLASSES
- Component parts manufacturers
- Component parts suppliers
- Distributors
- Importers
- Exporters
- Wholesalers
RESTRICTED CLASSES
- OEM car manufacturers
- OEM aviation manufacturers
- Finished products, which fall under Consumer Goods
For additional information, see our product sheet or contact our underwriters.
Coverage Highlights
Our Product Recall Insurance for Component Parts standard policy wording includes:
- Recall Costs, including third party recall costs
- Consultant Costs
- Defense Costs
We offer a full array of endorsements that enable us to customize coverage for each client’s needs and address the risks most applicable to their business.
- First Party Endorsements
- Additional Triggers
- Third Party Endorsements
For details, see our product sheet or contact our underwriters.
Product Recall
Consumer Goods
Product Recall Insurance for Consumer Goods is designed for manufacturers, importers, distributors, wholesalers and retailers of finished products.
Product Recall
Consumable Products
Coverage for companies involved in the production or distribution of ingestible and topical products for human use or consumption.
Foodborne
Illness Insurance
Our Foodborne Illness Insurance product is designed specifically for Restaurant Chains – national, regional and local.