Product Recall
Product Recall
This product is aimed at a wide range of industries, including food and beverage, nutraceuticals, automotive components, consumer products, non-invasive medical devices and more. Our product recall offering includes errors by contract manufacturers and product guarantee. Also included are cyber product tamper and software product safety – an increasingly important area of risk given the trend towards automated production and logistics, as well as the prevalence of hardware controlled by software in consumer products and vehicles.
Target Markets
- Automotive components
- Consumer products
- Food and beverage
- Non-invasive medical devices
- Nutraceuticals
Submit your applications to: underwriting@taycon.ca
Product Highlights
- Limits up to $20,000,000
- Deductibles as low as $5,000
- Premiums as low as $5,000
- Coverages Included:
- Malicious product tampering and extortion
- Cyber product safety
- Rectification coverage
- Business interruption coverage
- Ancillary product recall costs
- Brand and reputation protection
- Pre-incident crisis consultancy fund
- Recall event liability endorsement
- Optional Coverages:
- Customer Business Interruption
- Retailers’ Expenses
- Religious Product Specification Guarantee
- Recall Event Liability
- Claims Preparation Costs
- Customer Refusal
- Government plant suspension
- Regulatory advisory
- Product tamper for financial gain
- Animal by-product