For special liability challenges, specific insurance solutions.
Businesses in relation to manufacturing, sale, and distribution face particular risks resulting from the defect of a product, which can cause serious harm to the consumer. It can also ruin the company’s reputation and profitability if the defect entails the product recall.
Hence, product liability and recall risks should be managed by adopting adequate solutions that minimize the financial impact arising from such incidents.
Bankers offers Product Liability and Recall coverage that provide the proper protection allowing companies to mitigate such risks.