You build your reputation on reliability and professionalism in serving your wholesale and retail customers. Few events can damage your brand integrity or challenge your long-term success more than a product recall. To help ensure that being involved in a recall doesn't find your business unaware or unprepared, you need comprehensive insurance coverage tailored to the specific risks you face as a retailer.
CNA offers a comprehensive Product Recall Expense Coverage Endorsement to help manage the financial impact emanating from recalled products. This coverage responds by providing reimbursement for as much as 90 percent of the expenses and additional costs incurred, including communication, transportation, rental of temporary storage, overtime costs, and disposal.
Our experienced underwriters and risk control professionals understand the risks retailers face and can help manage your exposures. And if an incident does occur, our claim professionals are dedicated to working with you to achieve a timely resolution.