Currier Plastics: We are considering obtaining product recall insurance coverage to satisfy the requirements of a potential customer. I'd like insight from MAPP members on the following:
- If you've considered obtaining product recall insurance, why did you ultimately decided to proceed/not proceed with insurance coverage?
- Is your product recall insurance specific to a particular product?
- Is the product that may be recalled (i) sold directly to end-users or (ii) a sub-component of a larger, product that is sold to end-users by a third-party?
Any insight MAPP members can provide on their experiences with recalls and related insurance would be appreciated.
Lindsay
↧