Product Recalls: Does Business Insurance Cover This Huge Risk? [Infographic]

Written on August 22, 2013 – 1:18 pm | by Brian Wallace |

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

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