Product Recall

Protect insureds from the potentially devastating repercussions of a product recall with industry-leading risk management and insurance solutions.

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Are your clients recall ready?

Even when safety and quality assurance best practices are followed, the unfortunate truth is that all manufacturers and distributors face the risk of a product recall. The most effective means of protecting a business from a financially damaging recall is a combination of preventative controls and product recall and contamination insurance.

As the frequency and severity of recalls continues to increase due to enhanced testing and traceability as well as regulatory changes, its more critical than ever to partner with a wholesale insurance broker with market knowledge and expertise in this complex space.

AmWINS' product recall specialists are recognized as the country’s leading product recall, contamination, and food-borne illness insurance experts. We’re dedicated to helping businesses understand and manage their product recall risks. We partner with retail insurance agents and brokers to provide insurance and risk management solutions to manufacturers and distributors nearly any product or size.

 

We specialize in providing product recall insurance coverage for products in the following segments

  • Food and Beverage Manufacturing, Processing and Distribution
  • Consumer Products and Finished Goods (Food and Non-Food)
  • Automotive Industry (Auto Parts)
  • Restaurants
  • Component Parts

 

Along with the proper pre-incident and crisis response preparation, our solutions will ensure that your clients are recall ready.

Recent Insights

COVID-19, Construction, Emerging Risks, Energy, Manufacturing, Product Recall, Property & Casualty, Real Estate, Transportation

Navigating the Casualty Market’s Response to COVID-19

04/15/20

The Casualty market’s response to COVID-19 is continuously evolving. With a wide array of factors already impacting this sector pre-crisis, segments of the Casualty marketplace are responding to the pandemic differently. In this article, our industry specialists share overall themes in the Casualty market and take a closer look at how various segments are being impacted.

Casualty, Manufacturing, Product Recall, Property & Casualty

Understanding the FDA’s Mandated Recall Authority and Insurance Implications

In November 2018, the FDA released new guidance on how and why it will utilize its statutory power to mandate recalls under the Food Safety Modernization Act (FSMA). To adapt to the new requirements, companies face a financial burden related to improving technology and allocating appropriate labor. This article provides insight into the FSMA and the importance of an insurance policy that responds to government intervention and mandated recalls.

Casualty, Product Recall, Property & Casualty

Whole Genome Sequencing and the Increase in Food Contamination Recalls

The number of food contamination recalls continues to grow at a record-setting pace. In large part, the exponential increase in food recalls is a result of government regulatory bodies’ growing use of Whole Genome Sequencing (WGS) to identify the source of the contaminants. This article discusses the revolutionary impact of WGS on the food production industry.

Casualty, Product Recall, Property & Casualty

Case Study: Ingredient Manufacturers and Their Product Recall Insurance Risk

Ingredient manufacturers sell their product to other manufacturers who use it to make other products, some of which are ingredients themselves. This positions ingredient manufacturers uniquely in the event of a recall, since they may need to indemnify large financial losses sustained by multiple third parties.​