Product Recall
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Product Recall Bulletins
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- Follow the link to below to download the latest Product Recall Bulletin, produced for Chartis by our expert food consultants, RQA Europe Ltd.
These monthly reports highlight the varied nature and widespread incidence of product recalls, both within the UK and across the European Union.
Chartis offers product recall insurance policies that cover defective consumer goods and contaminated products.
These meet the cost of physically withdrawing product from store shelves, customers, warehousing or other distribution channels and associated transportation. Also advertising, overtime, hiring additional staff or storage space, replacement, and disposal costs.
Also covered are:
- Defence costs for any litigation directly caused as a result of the recall or any damage or injury resulting
- Lost profits – Loss of gross profit that would have been expected had the loss not occurred, or increased working costs incurred to avoid a fall in sales
- Additional advertising or marketing strategies like special offers to regain or recover market share are covered to up to 25% of the insured amount
We contribute to the costs of engaging specialist consultants for loss management or prevention, reviewing the company’s recall plans, quality assurance audits, traceability testing, simulated recalls right through to crisis communications expertise.
Post-loss consultancy expertise
We cover the fees and expenses of specialist consultants incurred while responding to a covered incident, managing the recall process and offering communication and PR guidance.