Product Recall Insurance
Product recall insurance policies are to protect businesses against recall-related losses when their products have the potential to injure, contaminate or damage property or people. This coverage may also protect against tampering claims or claims of extortion.
If this allegation is brought against your business, Basi Insurance Services, Inc. encourages you to gather and record all information and documents that refer to injury, contamination, damage, and more.
But, even before you decide if this product is the right fit for your business, speak to a Basi insurance specialist to see what the process is for dealing with this situation.
If you own a restaurant, hospitality, or gaming business, this insurance is important in the case of food-bourne illness, viruses, and diseases. Another scenario is food products or food ingredients that are contaminated or cause injury.
Ask Basi Insurance Services, Inc. about Product Recall Insurance today to discuss if this service is in the best interest of your business.