skip to main content

For manufacturers of component parts, this policy offers flexible product recall insurance coverage designed just for them.

Product Recall Insurance for Component Parts Coverage Highlights

  • Coverages are made-to-order allowing policyholders to select "add-on" coverages based on what they need to have, what they would like to have, or their budget.
  • Crisis consultants available 24/7 via our emergency hotline.
  • Minimums: 
    • $5,000 minimum SIR
    • $2,500 minimum SIR for small businesses
  • Limits:
    • Chubb’s Product Recall unit has $5 million in limits available on a primary or excess basis. Additional capacity may be considred on a case by case basis.
  • Restricted Classes:
    • OEM car manufacturers
    • OEM aviation manufacturers
    • Finished products (completely manufactured products which are ready for sale and delivery to the marketplace) which fall under consumer goods

Product Recall Insurance for Component Parts Client Profile

On a primary basis we are focusing on companies with sales up to $1 billion. Companies with sales in excess of $1 billion will be considered with either a high self-insured retention or on an excess basis.

Target risks are component parts which are used in the general manufacturing, automotive and aviation industry.

  • Type of risks considered included manufacturers, importers, distributors, exporters and wholesalers of component parts.
  • With regards to the automotive and aviation industry, we will only consider Tier 1-4 suppliers.
  • We can consider medical implants but only if we can exclude the medical costs associated with the replacement of the product.

Specialized Consultants, for Specialized Businesses

Businesses have 24/7 access to a network of specialized product recall consultants on a post incident basis. Our group of experts are leading industry professionals who are familiar with the regulatory challenges and nuance of the product recall market.


Recall Plus™ | Insurance for Component Parts