Product Liability & Recall Insurance

Product Liability & Recall Insurance

Comprehensive coverage protecting against financial losses arising from defective products, including recall costs, legal liabilities, and reputational risks.

Overview

In today's competitive market, a product defect can trigger a costly recall, lead to legal claims, and damage a brand’s reputation. 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.

EDME Edge

  • Tailored solutions
  • Global knowledge
  • Swift recovery
  • Long standing relationships 

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 care@edmeinsurance.com.