Top 5 Surprising Product Recall Examples

Manufacturing and selling a product has various risks, regardless of the product type. Product defects are one of the worst situations any product business can face. A product defect is when there is a problem with the product that causes harm to the consumer. After a product defect is reported, another nightmare follows, known [...]

2024-04-10T08:59:29+08:00April 10th, 2024|Categories: Business Insurance|Tags: , , |

Industries With The Most Product Defect Claims

Millions of products are created and sold daily all over the world. Every product business has a duty to provide the best product they can while ensuring it is safe for the intended customers. There is always a chance a product may not be as safe as a company may believe. Products could cause [...]

Reasons Businesses Need Product Recall Insurance

Most product companies always keep consumer safety as the number one priority when releasing products. Products include food, medicine, toys, clothes, jewellery, etc. Basically, anything tangible is a product manufactured by a business for a purpose. Businesses invest a large amount into each product, from design to manufacturing to distribution. But what if the [...]

Why Product Recall Insurance is Crucial in the Food Industry?

Every product comes with its risks, especially in the food industry. The food industry is creating millions of products daily. Therefore, various food product risks could be dangerous to the member of the public. Threats could include undeclared ingredients (allergies), untested ingredients or even material contamination (e.g. glass). Therefore, the food industry has to be [...]

2023-03-10T10:19:31+08:00February 18th, 2022|Categories: Business Insurance|Tags: , , |
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