Product Recall Insurance for Component Parts is designed for component part manufacturers, such as components for general manufacturing, aviation or the automotive industry. We recommend coverage for any company that is involved in any part of the production or distribution of a component parts product, including:
- Component parts manufacturers, suppliers and distributors
- Importers and exporters
- Wholesalers
Overview
- Coverage is written on a non-admitted basis for appointed brokers.
- $15,000,000 capacity is available on a primary or excess basis.
- Worldwide coverage territory for U.S. domiciled risks.
- Minimum premium: $5,000
- Primary: $5,ooo minimum SIR
Coverage
Our Product Recall – Component Parts standard policy wording includes:
- Recall Costs, including third party recall costs
- Consultant Costs
- Defense Costs
A broad range of endorsements enable us to customize coverage for each client’s needs. Download our product sheet to see our list of endorsements.
Submission Requirements
Download our product sheet for details.
Additional Crisis Management Products
- Product Recall – Consumable Products
- Product Recall – Consumer Goods
- Food Borne Illness Insurance for Restaurant Chains
Surplus lines products are available in California only through Crum & Forster Insurance Brokers, Inc., a licensed surplus lines broker (CA license #0E14610)
