Products Recall Insurance

At least every week a products recall is announced.  More than ever commercial enterprises putting out products to the consumer are vigilant in making sure their products are safe, however, situations do occur because of some impurity in the supply chain or malicious tampering.

The reliance on inexpensively produced foreign goods is greater than ever before, however, the quality of such ingredients or component parts cannot be 100% guaranteed and can result in a product being recalled.

Malicious tampering with the final product by disgruntled parties is also a perennial threat.

Consider the financial ramifications of any imperfection resulting in the recall of sold products. Not only is there the additional cost of making good any faulty product but the significant expense of rehabilitating  the brand reputation plus loss of profits due to any lost consumer confidence.

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PRODUCT CONTAMINATION COVERAGE WHITE PAPER

Insurance can be obtained to remediate any hit to ones balance sheet.

Contact Information:
Red Lion Insurance LLC
Telephone: 704.737.2175
Fax:            480.393.4284

e-mail:        Tim Edwards