R. Alexander Frais
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Business/Industrial EU Law







Product Recall Insurance

category:

Industrial / Business Liability
(additional coverage section)

basic cover:

settlement resp. defence of third party claims for financial losses resulting from the recall of products (assumedly) caused by components delivered by the insured

trigger:

recall / imminent threat of bodily injury or property damage

key words:

voluntary / involuntary recall

first / third party recall expenses (coverage A vs. B)

pre recall expenses

liability side:

contract law

EU Law:

The General Product Safety Directive (GPSD) 2001/95/EC Directive



source: Jürgen Acker  
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