908-947-0867 info@axonu.com

Contaminated Products Insurance

Consumer Product Recall

Axon’s Consumer Product Recall Insurance policy is designed to protect manufacturers of consumer goods in the event of a product defect or impairment.

With a rising trend in product recalls in the United States, Axon’s Consumer Product Recall Insurance protects the Insured from financial losses which can originate from a product defect, adverse publicity, government recall, malicious product tampering, product extortion demand or property impairment.

The coverage options target the economic impact deriving from recall efforts, replacement or restoration of products, third party recall, loss of gross profit, rehabilitation, marketing, and crisis expert response costs.

Insurance Event Options:

Adverse Publicity

Government Recall

Malicious Product Tampering

Product Defect

Product Extortion Demand

Property Impairment

Capacity:

USD $10 million per Insured Event / Policy Aggregate

Insured Losses:

Pre-Event Loss Mitigation

Pre-Recall Costs to Identify an Insured Event

Recall Costs

Third-Party Recall Costs

Third-Party Recall Liability Costs

Restore, Replace and Refund Costs

Crisis Response Costs

Loss of Gross Profit

Rehabilitation and Marketing Costs

Unsupported Product Recall Costs

Product Extortion Costs

Claims Preparation Costs

Axon Consumer Product Recall – Download

Workplace Violence Extension – Download

Consumer Product Recall Insurance Form – Download
Workplace Violence Coverage Extension – Download
Claims Reporting – Download
Reliance – Download
Policyholder Disclosure Notice of Terrorism – Download
Certified Acts of Terrorism – Download
US Treasury Departments Office – Download

Axon Consumer Product Recall Insurance Application Form – Download

Submission Contacts:

Consumer Product Recall: Miguel Criscuolo + Randy Esposito
Any questions can be directed to 908.947.0867.