Does your product liability insurance cover the real costs of a product recall?
Media and public attention can often focus on unsubstantiated stories and speculation. Professional public relations and communications input will assist in managing this and protect the brand, reinforcing reliability and trustworthiness.
The insurance is suitable for manufacturers, retailers and distributors of topical or ingestible products, such as food, drinks, and cosmetics. Contaminated Products insurance provides financial compensation and support for getting your business back on track.
AIG’s Contaminated Products insurance covers product recall in case of contamination and potential loss of profit. The insurance cover also meets recall and marketing expenses after an incident. We also cover malicious tampering, whether it is real or simply threatened.
AIG’s Contaminated Products insurance is designed for companies in various lines of business, no matter if the operation is limited to Finland or if it is a multinational corporation with subsidiaries around the globe.
AIG’s Contaminated Products insurance covers losses arising from:
Available additional covers are:
With our flexible product recall insurance solutions in combination with our service, claims handling and extensive international network, we are able to insure both smaller, domestic companies as well as multinational corporations within most classes of business. AIG offers: