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What is product recall insurance?
Product recall insurance is a form of liability insurance that helps businesses cover the costs associated with recalling a defective or potentially dangerous product from the market.
A product recall can affect any consumer product – from electronics to food – due to safety concerns, contamination, or design defects.
Product recall insurance typically covers customer notifications, shipping, and disposal expenses. It helps protect a company from financial losses and reputational damage due to a product recall event.
Product Recall Claims Examples
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