Stand-Alone Product Recall

Aspera offers coverage for Life Sciences and General Products sector consumable, commercial, and consumer goods to fit a wide range of small to mid-size manufacturers and importers with $100,000 to $100,000,000 revenue. Our underwriters specialize in creatively underwriting your hard-to-place Recall accounts and can offer unique coverages tailored to emerging risks.

Target Classes

• Aircraft and drone parts
• Blood and tissue banks
• Clothing
• Cannabis
• Consumer electronics
• Electronic cigarettes and tobacco
• Firearms and ammunition
• Food products
• Pet foods and toys
• Pharmaceuticals and nutraceuticals
• Sports and recreation goods
• Firearms and ammunition
• Toys and games

Minimum premium:
$1,000 – $250K/$500K
$2,500 – $1M/$2M

Policy Structure

Policies are written through a non-admitted carrier with a Financial Strength Rating of A (Excellent) by A.M. Best

• Claims-made with cut-off date Recall Liability and Recall Expense
• Policy Limits up to $2M available on primary basis
• 12, 24, and 36-month ERP options available
• Deductible and participation percentage options available

Available Coverage Enhancements

• Optional Additional Coverage – Loss of Income due to Loss of Reputation with Optional Extra Brand Remediation Expenses
• Optional Cyber Security Consultant Costs Endorsement for “smart” products and digitally connected medical devices
• Optional Fair Trade Recall Trigger Endorsement
• Optional Pre-Recall Monitoring Expenses Endorsement
• Optional Surgical Removal Costs Endorsement for implantable medical devices
• Self-initiated recall and government initiated recall triggers

Submission Requirements

• Signed and dated Life Sciences Recall or General Product Recall supplemental application
• Five year currently valued company loss runs
• Copies of the following:
  • Any FDA, CPSC, or other government agency citations or recalls
  • Current Declarations Page for cut-off date continuity
  • Your product QA procedures and Recall plans
  • Current Declarations Page
• Website information or product catalog

Availability

• California [Lic. 0K86725]
• Colorado
• Florida
• Maine
• Michigan
• Oregon
• Texas
• Virginia
• Washington