For an optimal site experience, we recommend using a different browser.
Using Internet Explorer may prevent you from accessing Chubb.com, and some site features may not function as expected.
This very flexible combined policy offers a broad package of insurance cover to manufacturers in the fluid, process and power industry. The policy can be tailored through extensions and endorsements to create the insurance cover required by the individual manufacturer.
Product Highlights
Recall expenses for
PR and communication costs
Transportation costs
Wages
Hire of additional staff
Hire of extra warehousing space
Disposal costs
Underwriters recognised in the industry for their knowledge and expertise
Direct access to local underwriters who have high levels of authority
Individually underwritten by our expert underwriters to ensure the needs of the business are catered for
Cover
In addition to property, business interruption, employers liability and public liability cover we automatically include many industry specific covers, such as:
Involuntary betterment
Exhibition property
Environmental liability
Metal workers extension
Corporate manslaughter defence costs
The policy can be extended to include a wide range of additional covers:
Goods being worked upon
Full theft
Premises pollution liability
Financial loss
Breakdown
Erection all risks
Network and data security
Marine cargo
Personal injury and business travel
Claims
Recall Examples
It is relatively easy to imagine examples of dangerous consumer products, which would necessitate a recall for example food products, toys, cars etc. And, in fact, most countries will have a central register of such recalls backed up by legislation. Not so commercial products.
However, recalls are sometimes necessary in the commercial arena:
A manufacturer of electrical cable had to recall more than 10 million metres of electrical cable after it was discovered that a manufacturing fault had resulted in the cables overheating with a potential for fire or electrocution
A manufacturer of turbines went into administration after a systemic fault was discovered with the gearbox assembly. An uncontained failure could have resulted in damage or injury
A manufacturer of cylinders used for containing highly flammable/explosive liquids had to recall a large number of cylinders due to a manufacturing fault which could have resulted in explosion