What kind of product recall coverage is available through Medmarc?

Coverage for FDA recalls may be found in two types of Medmarc coverage offerings. 

• Products Liability — Medmarc offers product-withdrawal-expense coverage as an endorsement to our products liability policy.  This endorsement, subject to terms and exclusions, covers expenses incurred by the insured to remove its product from the marketplace due to a Class I product recall, including expenses associated with communicating the recall to the public.
• Manufacturers’ Errors & Omissions (E&O) — Medmarc offers recall coverage for third-party financial loss that results from the insured’s error or omission, such as when the insured’s customer incurs expenses for undertaking a recall that arises as a result of the insured’s negligence in manufacturing or servicing of a product.
  

Please talk to your Medmarc Underwriter your client has a need for this coverage or would like to learn more.