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

2020 Axon Consumer Product Recall – Download

All Submissions should be forwarded to submissions@axonu.com.  Any questions can be directed to (908)-947-0867