Coverage classification
- Form type
- Endorsements
- Topics
- Product Withdrawal
- Product lines
- Products and Completed Operations Liability
Compare Product withdrawal expense coverage forms
| Form | Intent | Qualifying withdrawal | Payment conditions |
|---|---|---|---|
Medmarc Casualty Insurance CompanyProduct Withdrawal Expense Endorsement 403 (OR) 01 21 Products/Completed Operations Liability | Pays eligible product withdrawal expenses subject to the scheduled limit and deductible. | Addresses a government-ordered or voluntary withdrawal under the form’s Class 1 recall requirements. | Requires payment within one year of withdrawal and reporting within 90 days of payment, with supporting documents. |
Medmarc Casualty Insurance CompanyProduct Withdrawal Expense - First Dollar Coverage Endorsement 525 01 21 Products/Completed Operations Liability | Pays eligible product withdrawal expenses subject to a scheduled limit. | Addresses a government-ordered or voluntary withdrawal under the form’s Class 1 recall requirements. | This first-dollar form’s insuring agreement does not specify the deductible language in the other specimen; other policy terms still apply. |
Acuity, A Mutual Insurance CompanyProduct Recall Coverage CB-7134 (9-04) Businessowners | Pays covered product recall expense incurred by the insured because of a recall incident in the coverage territory. | Applies to a recall incident as defined in the endorsement. | Uses scheduled per-incident and aggregate limits and a per-incident deductible; excludes specified expenses including costs to regain customer approval. |
Markel American Insurance CompanyProduct Recall Expenses Additional Coverage MLS 1223 07 22 Life Sciences Liability | Replaces a recall expense provision with additional coverage for qualifying product recall expenses. | Requires a qualifying recall during the policy period and no specified responsible insured’s prior knowledge of a potential need for it. | Requires prior written consent for defined expenses and applies the applicable deductible, sublimit and coinsurance. |
Notable clauses
“in excess of the Deductible”
Medmarc Casualty Insurance Company · Product Withdrawal Expense Endorsement · 403 (OR) 01 21
Deductible. The deductible is part of this endorsement’s payment condition.
“reported to us within 90 days of the date the Product Withdrawal Expenses were paid by you”
Medmarc Casualty Insurance Company · Product Withdrawal Expense - First Dollar Coverage Endorsement · 525 01 21
Reporting expenses. The form also requires payment within one year of the withdrawal and supporting documentation.
“Loss of customer faith or approval or any costs incurred to regain customer approval”
Acuity, A Mutual Insurance Company · Product Recall Coverage · CB-7134 (9-04)
Customer approval. This form excludes these costs from its product recall coverage.
“With the Company’s prior written consent”
Markel American Insurance Company · Product Recall Expenses Additional Coverage · MLS 1223 07 22
Prior consent. Defined product recall expenses must satisfy this and the other conditions in the endorsement.
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