Product recalls can be devastating to a company's finances and commercial relationships, as well as to its brand and reputation. We can help cover some of the costs associated with the recall, such as notification, shipping, warehousing and additional personnel and, if needed, the cost to repair, replace or refund the cost of the product. The policy also covers a company's liability to others. Liberty Mutual Canada offers coverage to a variety classes of business including Manufacturers, Wholesalers, Distributors, and Retailers for both large and small companies.
Recall Expenses: $15,000,000
Recall Liability: $15,000,000
We also offer Manufacturer's E&O as an endorsement on our product recall policy. We have $5,000,000 in limits available.