Product Liability & Recall

Product Liability & Recall

Protects businesses against financial losses and legal liabilities arising from defective products, including costs related to product recalls and damage claims.

Overview

In today's competitive market, a product defect can trigger a costly recall, lead to legal claims, and damage a brand’s reputation. Product Liability & Recall Insurance offers critical financial protection by covering legal defense costs, settlements and recall-related expenses. This coverage helps manufacturers, distributors and retailers manage risks associated with product failures, ensuring that a single incident doesn’t jeopardize overall business stability. At Edme Insurance Brokers, we tailor solutions to fit your unique risk profile, so you can maintain consumer trust and focus on growth even in challenging times.

FAQs

  • Manufacturers: Companies producing consumer goods, electronics, pharmaceuticals or other products prone to defects.
  • Distributors & Retailers: Businesses that market and sell products and face liability for defective items.
  • Service Providers: Firms involved in product testing or quality assurance that could be held accountable for errors.

  • Legal Defense & Settlements : Costs associated with defending against product liability claims.
  • Recall Expenses : Costs for notifying customers, managing returns, product disposal and related logistics.
  • Bodily Injury & Property Damage : Compensation for injuries or damages caused by defective products.
  • Regulatory Penalties : Fines or penalties incurred due to non-compliance with product safety standards.

Talk To Us

Contact us to get in touch with an industry or risk subject matter expert, learn more about a specific solution or submit a sales/RFP inquiry.

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DISCLOSURE

EDME INSURANCE BROKERS LTD. (FORMERLY KNOWN AS ADITYA BIRLA INSURANCE BROKERS LTD.)

Registered Office: 2nd Floor, Privillion, East Wing, Sarkhej - Gandhinagar Highway, Vikram Nagar, Bodakdev, Ahmedabad, Gujarat 380054. IRDAI License Number: 146 | Composite Broker | License Valid till: 9th April, 2027 | CIN: U99999GJ2001PLC062239 Corporate Office: VIOS Tower, 6th floor, Off Eastern Express Highway, Sewri - Chembur Rd, Mumbai – 400037 Telephone: 1800 120 2510 | Website: www.edmeinsurance.com In case of any queries/complaints/grievances, please write to us at clientfeedback@edmeinsurance.com.