Product Recall

Product Liability

A Product Liability section is available, but it should be noted that it is on a claims made basis.

Product Guarantee

Costs of replacing/reworking/recovering products that have failed to perform their intended function due to faulty design, manufacture, installation etc, after handover to a customer.

Financial Loss

Costs of meeting financial losses suffered by customers or third parties as a direct consequence of a product “failing to perform” (as under the Products Guarantee section)

Product Recall

Costs incurred in recalling products where their continued use or consumption may cause the Insured to incur a legal liability either by reason of the products having failed to perform their intended function (as under the Products Guarantee section), or the possibility that their use or consumption could cause bodily injury etc, and/or property damage.