Product Recalls: Does Business Insurance Cover This Huge Risk? [Infographic]
Product recalls happen frequently and can do a lot of damage to a company. They happen in every industry; but most frequently in the automotive, pharmaceutical, food, and child product industries. There is a high cost to recalls, and potential liability risks. Business insurance is important for a company that sells products to the public. It can cover the costs of a recall, as well as settlement and legal costs if sued.
Learn about the worst recalls in history, and what else business insurance can protect a company from, in the infographic below, presented by InsuranceQuotes.com.
From: Bankrate Insurance’s insuranceQuotes.com