Product Recall Insurance

Chubb Recall Plus®for Consumable Products

  • The perfect coverage for the new or established business owner.
  • Coverages are made-to-order allowing policyholders to select "add-on" coverages based on their needs or their budget.
  • Crisis consultants available 24/7 via our emergency hotline.

For companies that manufacture or sell any consumable or topical product for humans, we can provide flexible coverage

Coverage Highlights

Coverages

  • 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.
  • 10% of net premium offered to policyholder annually to cover loss mitigation costs.

Minimums

  • $10,000 minimum SIR
  • $5,000 minimum SIR for small businesses

Limits

Chubb's Product Recall unit has $15 million in limits available on a primary basis. We do have the ability to write policies with up to $20 million in limits by obtaining facultative reinsurance.

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.

For consumable products (everything ingestible and topical and for human consumption) the target industries are food & beverage companies, cosmetics, tobacco, and pharmaceuticals.

  • The companies could either be processors, manufacturers, co-packers, bottlers, importers, distributors, packagers, wholesalers, suppliers of ingredients, etc.
  • Products sold/distributed in bulk, like grain, rice and sugar etc., will only be considered on an excess basis.
  • For pharmaceutical products, we will consider small to midsize OTC and generic drug manufacturers (second/third tier). RX drugs will be considered only if they have been available in the market for several years.

Restricted Classes

  • Nutraceuticals (incl. dietary supplements)
  • Animal feed
  • Pet food
  • Energy Drinks

NEW! Specialized Businesses, should have Specialized Consultants

Small businesses have 24/7 access to product recall consultants on a post-incident basis allowing the small business owner to have a business partner who knows the pitfalls/implications of recalls and essential coverage in one package. Our specialized group of experts knows the regulatory challenges and product safety rules first hand:

Forms/Applications

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