Product recalls are rarely out of the news. August alone has seen the high-profile recall of eggs, kids toys, various chocolate bars and travel equipment. Meanwhile, the London fire brigade recently called for a government-backed single register for UK product recalls, and urgent action on electrical goods safety.
Stringent regulatory and reputational pressures mean high-profile recalls are set to continue.
In the event of a recall, some companies may be less protected than they think.
To adequately manage the risks of product contamination/product recall, it’s that vital companies understand what both a) product liability insurance and b) product recall insurance do and do not cover.
This session will explore:
- Lessons learned from recent product recalls.
- The challenges manufacturers can face when making an insurance claim, when they have not overseen the product recall and crisis management.
- Steps that companies can take to get the most from their insurers.