- Individuals & Families
- Businesses
- Brokers
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Chubb Recall Plus™ for Consumer Goods
Coverage Highlights
- The perfect coverage for the new or established business owner.
- Coverages are made-to-order allowing policyholders to select "add-on" coverages based on their needs or their budget.
- Crisis consultants available 24/7 via our emergency hotline.
- Minimums:
- $5,000 minimum SIR
- $2,500 minimum SIR for small businesses
- Limits:
- Chubb’s Product Recall unit has $5 million in limits available on a primary and excess basis. Additional capacity may be considered on a case by case basis.
- Restricted Classes:
- Drop side cribs
- E-cigarettes
- Fireworks
- Products that are incorporated as a component or constitute a part of any third party's products or goods.
Client Profile
On a primary basis we are focusing on companies with sales up to $1 billion. Companies with sales in excess of $1 billion will be considered with either a high self-insured retention or on an excess basis.
For Consumer Goods, the target risks are finished products in the areas of appliances, electronics/electrical, clothes, furniture, household, children's products, outdoor goods and products, sports/exercise equipment and products, etc.
The types of risks considered include manufacturers, importers, distributors, wholesalers, retailers, etc.
Specialized Consultants, for Specialized Businesses
Businesses have 24/7 access to a network of specialized product recall consultants on a post incident basis. Our group of experts are leading industry professionals who are familiar with the regulatory challenges and nuance of the product recall market.
This document is advisory in nature and is offered as a resource to be used together with your professional insurance advisors in maintaining a loss prevention program. It is an overview only, and is not intended as a substitute for consultation with your insurance broker, or for legal, engineering or other professional advice.
Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.chubb.com. Insurance provided by Chubb Insurance Company of Canada or Chubb Life Insurance Company of Canada (collectively, “Chubb Canada”). All products may not be available in all provinces or territories. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued.