Product Guarantee and Recall Insurance

What you need to know

What is Product Guarantee and Recall Insurance?
Product guarantee insurance covers your company in the event your product fails to fulfil its intended purpose. The policy reimburses you for the expenses associated with recovering, modifying or replacing the faulty product, including the costs of correspondence, newspaper and magazine advertising, radio or television announcements and transportation costs of product returns. The policy also covers the inspection and replacement costs of products arising out of the recall.

Who needs Product Guarantee and Recall Insurance?
Product recall, which is part of the product guarantee insurance, is important for manufacturers, distributors and importers. The effects can be both drawn out and expensive, making Product Guarantee and Recall Insurance a smart choice.

The Winley Insurance Group solution
With product recall on the rise, can you afford to compensate your customers should your product fail to perform? Probably not. And product liability insurance policies, in general, exclude recall expenses in relation to the sale cessation of products because they affect the health of individuals or pose a threat to life or property of third parties.

Don’t worry. The team at Winley Insurance Group helps you secure quality Product Guarantee and Recall Insurance at affordable pricing.

Contact us for additional information or a quote
If you’re looking for Product Guarantee and Recall Insurance or you just want to learn more, contact us at 1300 732 205 or begin our Product Guarantee and Recall Insurance quote process now. Winley Insurance Brokers service all of Australia.