Products recalls are rarely out of the headlines and so SMMT and Richard Oliver International have designed a package especially made for SMMT members. Members will receive discounted rates when they contact Richard Oliver International.
Every business should confront the scenario of product recall as a keystone in their risk management strategy.
If adequate measures are not taken in advance, such an event will compromise the brand, cause direct and indirect financial loss and undermine reputation.
The package will insure you for the cost of removal, reworking and replacing products that have failed and for which you are legally liable.
It is a common misconception that a general Product Liability insurance policy will indemnify you for the above costs. In the majority of cases, it will not.
Product Recall Insurance
Products recalls are rarely out of the headlines and so SMMT and Richard Oliver International have designed a package especially made for SMMT members. Members will receive discounted rates when they contact Richard Oliver International.
Contact memberservices@smmt.co.uk if you would like to take advantage of this opportunity.
Please do not hesitate to contact the Richard Oliver International team or ask your insurance broker to do so. Advice and quotations are provided free and without obligation.
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