For companies that manufacture or sell any consumable or topical product for humans, we can provide flexible product recall insurance coverage.
Product Recall Insurance for Consumable Products Coverage Highlights
- Coverages are made-to-order allowing policyholders to select "add-on" coverages based on what they need to have, what they would like to have, or their budget.
- Crisis consultants available 24/7 via our emergency hotline.
- Minimums:
- $5,000 minimum SIR
- $2,500 minimum SIR for small businesses
- Limits:
- Chubb’s Product Recall unit has $5 million in limits available on a primary or excess basis. Additional capacity may be considred on a case by case basis.
- Restricted Classes:
- Nutraceuticals (incl. dietary supplements)
- Animal feed / Pet food
- Marijuana / CBD
- Energy drinks
Product Recall Insurance for Consumable Products Client Profile
On a primary basis we are focusing on companies with sales up to $1 billion. Companies with sales in excess of $1 billion will be considered with either a high self-insured retention or on an excess basis.
For consumable products (everything ingestible and topical and for human consumption) the target industries are food & beverage companies, cosmetics, tobacco, and pharmaceuticals.
Specialized Consultants, for Specialized Businesses
Businesses have 24/7 access to a network of specialized product recall consultants on a post incident basis. Our group of experts are leading industry professionals who are familiar with the regulatory challenges and nuance of the product recall market.