Financial Loss
Financial Loss Insurance
If you supply a defective product, what could the costs to your business be and what would you do about it?
Many businesses automatically think of their Product Liability insurance. However, Product Liability insurance covers third-party property damage and/or injury claims. It specifically excludes any losses suffered by a third party where no personal injury or property damage has occurred.
Under your Contract with your Customer you may be responsible for all costs and losses that they incur arising from the supply of a defective product by you. These may include your Customers:
- Recall Costs
- Advertising Costs
- Additional Warehousing Costs
- Additional Staff Costs
- Destruction Costs
- Down Time & Loss of Profit
Financial Loss Insurance provides additional business protection, in the event that you were to inadvertently supply a defective product.
Please contact us on 01384 442 165 to discuss your requirements, or click the Quote Request button below.
Please complete your details below for a Financial Loss Insurance quotation
Please contact us If there is any aspect of your insurance arrangements you would like to discuss.
Call Us on 01384 442 165
Office Hours (Monday – Friday, 9am-5pm)
We will gladly discuss and review your insurance requirements, and answer any questions you may have.
