Product Recall

The product recall team at Evolin offer a unique perspective on target sectors; understanding clients’ specific needs and arranging cover to protect them from potentially catastrophic recalls instigated by companies or regulatory agencies.

In today’s global marketplace, with stringent regulatory hurdles, product recall is a real and growing exposure to a business’s financial and reputational well-being. Our product solutions complement risk management strategies to ensure organisations are protected against this in the event of a product defect or recall.

Overstretched margins, intricate supply chains, increasing regulatory scrutiny and changing technology are all contributing factors in the increase in frequency and severity of product recalls.

At Evolin, our strategic approach to risk assists clients in identifying and understanding their exposures and risk profile in order to implement optimal risk protection that shields balance sheets, reputation and cost expenditure.

While initial recall costs are significant, the potentially catastrophic financial ramifications from brand and reputational damage can be crippling for a long time after the event. Our solutions provide coverage for product extortion, product defects, malicious product tamper and government recall as well as rehabilitation expenses.

International Market Access

Global Network of Underwriters

Contract Certainty

Direct access to Lloyd’s of London

Tailored Coverage Solutions

  • Pre-recall expenses
  • Recall costs
  • Business interruption
  • Rehabilitation expenses
  • Extortion monies
  • Consultant costs
  • Third party loss

We advocate on behalf of a broad spectrum of clients from a variety of sectors

  • Food and drink
  • Electronics
  • Medical devices
  • Component parts
  • Consumer goods
  • Automotive components
  • Appliances
  • Apparel and accessories

Key contacts

Gareth Stoppani

Head of Marine & Cargo

T +44 20 3687 3927

LinkedIn

Matthew Skedge

Associate Director

T +44 20 3687 3935

LinkedIn

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