Product Recalls: Does Business Insurance Cover This Huge Risk?
With the frequency and cost of product recalls, it is important for a business that sells products to the public to protect themselves. Recalls happen in every industry, though most frequently in the automotive, pharmaceutical, food, and child product industries. Recalls cause a lot of damage to a business, in cost of the recall, as well as the potential liability risks. Business insurance can spare a company from costs of a recall, as well as from settlement and legal fees, 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