Automotive Recall Insurance

Product recall is often specifically excluded from Products Liability cover, leaving a business vulnerable to any product recall loss.

LIU Singapore offers a customised Product Recall policy for automobile components.

At a glance:

• Cover for exports to the USA and Canada
• Ability to include Product Guarantee
• Ability to cover critical components
• Losses include:
  • recall costs (both retailer and customer)
  • replacement, refund and repair costs
  • customer loss of profits (by endorsement)
  • consultant and advisor costs
  • defence costs
• Customised for individual client’s needs.