Product Recall Insurance for Shellfish Farms Now Available.
Call Duncan and Associates Insurance Brokers at 800-228-8291 or click on Product Recall Insurance to submit your request for information and product recall insurance quotes.
Our company specializes in providing insurance for shellfish farming operations throughout the United States, including product recall insurance.
The Typical General Liability Insurance Policy Excludes Product Recall, Learn Why.
Coverage for product recall is not covered by the common general liability insurance policy.
Please note how this exclusion reads in one general liability insurance policy:
Recall Of Products, Work or Impaired Property
Damages claimed for any loss, cost or expense incurred by you or others for the loss of use, withdrawal, recall, inspection, repair, replacement, adjustment, removal or disposal of:
(1) “Your product”;
(2) “Your work”; or
(3) “Impaired property”;
If such product, work, or property is withdrawn or recalled from the market or from use by any person or organization because of a known or suspected defect, deficiency, inadequacy or dangerous condition in it.
So as you can see product recall is excluded under the typical shellfish business insurance policy, however specific product recall insurance is available.
Why Purchase Product Recall Insurance for Your Farming Operation?
Unfortunately product recall is becoming more frequent.
One insurance company listed five reasons why companies should strongly consider purchasing product recall insurance:
#1 – It happens more frequently than you think.
#2 – Government oversight is stronger today.
#3 – The costs are prohibitive to businesses.
#4 – The mistaken belief it won’t happen to your company.
#5 – Product recall insurance is the first line of defense.
Probably the biggest mistake shellfish farming companies make is dismissing the idea that a product recall will not happen to their business.
What type of cost would you incur for a product recall? Could your business absorb a complete harvest recall and survive financially?
Questions that are important for you to think about.
We Offer Product Recall Insurance for Shellfish Farms!
In addition to standard general liability insurance for shellfish farming operations we can provide shellfish product recall insurance.
Call us to discuss your needs for Shellfish Farming Insurance by calling 800-228-8291 or you can send us your request online by clicking Liability Insurance for Shellfish Farms.