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Fedelta Insurance Marketing & Services Private Limited is an IRDAI Licensed Insurance Intermediary Firm with expertise in commercial, personal, employee-benefits and specialty lines of insurance contracts. We are associated with multiple Insurers such as HDFC ERGO General, ICICI Lombard General, Max Life Insurance, Niva Bupa and more We offer end to end service to our clients. We not only help in educating our clients on the various business / personal risks and the appropriate Insurance solutions but also take pride in serving clients post sales and assist them through claims, if any.
You have a duty after the discovery of any defect or danger in a product supplied to take precautions (including a recall of the product if necessary) against injury or damage caused by it. You decide therefore to recall such a defective product before it causes such injury or damage to third parties and to your brand reputation. Prime examples over recent years have included Auto and FMCG products.
Product Recall Liability Insurance indemnifies the insured for those sums that the insured becomes legally obligated to pay as compensatory damages arising out of recall, removal, recovery of possession or control, or disposal of the Product that is manufactured, sold, marketed, handled, or distributed by the insured. Product Recall Insurance is typically provided as an add-on to a Product Liability Insurance policy.