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From power tools to strollers, kids’ toys to clothing, product recalls are part and parcel of everyday life for a consumer. For the producer, manufacturer, or importer, a product recall can be a logistical and PR nightmare. It can challenge even the strongest companies and brands. And handled incorrectly, a product recall has serious financial consequences for a company.

During the last few years, there have been a higher number of product recalls, with one of the most memorable one being Maple Leaf in Canada and its massive recall of listeria contaminated products. That’s why having a Product Recall Insurance policy from Axis Insurance is a sound commercial decision. Backed by our extensive expertise and knowledge, we can ensure that you’re protecting your assets and properly managing your risks with the right insurance coverage.

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