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Article September 10, 2020

Product recall insurance: Covers more than just product recall costs

Product recall insurance helps safeguard a business from the financial impact of a recall, specifically the first and third-party costs associated with identifying and addressing the issue, conducting the recall and keeping the business operational.

When considering product recall insurance, it’s important to remember that the cost of a recall includes much more than the cost of getting the goods
off shelves or back from customers.

Recalls of any kind can impact cash flow, squeezing a company’s ability to pay staff, purchase raw materials or even continue production. For some businesses, a product recall can present a true crisis.

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For more information about CFC's product recall policy check out our product recall product page - packed with everything you'll need to know!

For anything else, please don't hesitate to contact the team on productrecall@cfcunderwriting.com

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