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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-midsize manufacturers and importers with $100,000 to $500,000,000 revenue. Our team can help craft creative solutions for 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
  • Toys and games

Minimum premiums:
$1,000 – $250K/$250K
$1,500 – $1M/$1M
$10,000-$5M/$5M

Primary 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 $5M available on primary basis
  • 12, 24, and 36-month ERP options available
  • Deductible and participation percentage options available

Excess Policy Structure

  • Follow-Form coverage
  • Up to $5M in capacity
  • Available on an unsupported basis

Primary 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
  • Website information or product catalog

Availability

Submission Requirements
  • Signed and dated Life Sciences Recall or General Product Recall supplemental application
  • Five-year currently-valued company loss runs
  • Website information or product catalog
  • Copies of the following:
  • Any FDA, CPSC, or other government agency citations or recalls
  • Current declarations page for cut-off date continuity
  • Insured's product QA procedures and recall plans
Send a Submission
Printable Product Recall Information

Our Commercial Lines Team

Kyle Flynn, Division Manager
(804) 774-2102
kyle.flynn@asperains.com
LeAn Hatch, Senior Underwriter
(804) 774-2108
lean.hatch@asperains.com