Product Defect (Recall) Insurance
Program
Euclid Crisis Management’s Product Defect Insurance (PDI) offers comprehensive coverage tailored to safeguard businesses from the significant financial repercussions of design defects, manufacturing defects, and impaired property events. Whether dealing with component parts or fully finished and branded products, PDI ensures that companies are protected against the costs associated with design or manufacturing errors that may result in recall expenses, replacement of products, business interruption, and third-party financial losses. This specialized insurance is essential for maintaining customer and end consumer trust in the face of unexpected product crises.
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Coverages
Insured Events
- Product Defect
(Design Defect and Manufacturing Defect) - Breach of Warranty
- Adverse Publicity
- Product Extortion
- Product Rejection
- Deliberate Impairment
Covered Losses
- Ascertainment Costs
- Crisis Response Expenses
- Forensic Accounting and Claims Service Expenses
- Recall Response
- Replacement and Restoration Costs
- Brand Restoration
- Extortion Recovery
- Business Recovery and Extra Expense
- Third-Party Restoration
Additional Coverages
- Proposition 65 Mislabeling Extension
- Workplace Violence Extension
- PFAS Extension
- Impaired Property
- Government Determination
Looking for more information? For inquiries, quotes, or support, reach out to our team.
Target Risks
Consumer Goods
Including household goods, children’s products, electronics, appliances, clothing, furniture, toys, health and wellness products, office supplies, pet supplies, outdoor and sporting goods
Industrial Goods
Including machinery & equipment, tools and instrumentation, raw materials, construction & building materials
Component Parts
Including electronic components, fasteners, machined mechanisms, and contract manufactured goods
Medical Devices
Including instruments, protective gear, implants, and orthopedic goods
Automotive
Including critical and non-critical, safety components and aftermarket
Aeronautical
Including parts, machinery, tools, instruments, and systems
Company Types
Manufacturers
Importers & Exporters
Processors
Machining
Distributors
Component Parts Suppliers
Plating Companies
Food Products Packaging and Films
Wholesalers
Retailers
Printers
Heat Treating
