Product Recall Insurance protects businesses from the costs of recalling faulty, defective or contaminated products, or due to accidental or intentional tampering. This usually includes the costs of collecting and transporting the goods and other associated expenses, as well as communication costs to the public and retailers/wholesalers.
Products Guarantee Insurance protects businesses from the costs of replacing, reworking or recovering products that have failed to perform their intended function due to faulty design, manufacture and installation, after they are handed over to the customer.
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