Product recalls happen more than you think and they can be time consuming, costly and damaging to your business. With Chubb, you can get broad coverage tailored to your needs.
For manufacturers of component parts, this solution provides broad, flexible coverage for when you are affected by a recall. Target risks are component parts which are used in the general manufacturing, electronic, medical device, automotive and aviation industry.
Designed for companies that produce products consumed or used topically by humans, you get flexible coverage with this solution tailored to fit your specific needs. Target industries are food & pharmaceuticals.
If you produce any consumer goods, you can get broad coverage with this solution designed with your needs in mind. Target risks are finished products in the areas of appliances, electronics/electrical, clothes, furniture, household, children’s products, outdoor goods and equipment and products, etc.
As a small business, you are particularly vulnerable to the costs associated with a recall. You can get affordable coverage as well as help preventing and mitigating the risks
The advent of “product recall” now being included in the everyday lexicon of the business world has raised the awareness of the need for businesses to address the financial, moral, and crisis response requirements associated with product recall as a critical element of their corporate risk management philosophy.