Product Recall Insurance - Can you Protect Your Company's Reputation?

How Long Does It Take to Lose Your Reputation?

How fast does word of a recall spread? With a single decision in any EU Member State, notifications go out immediately across the entire European Union of a product recall. During one week in March, Germany recalled inflatable beach balls; Spain banned a mini-motorbike; Belgium recalled push toys for children; Poland did the same on a fishing set… and the list goes on and on.

Within minutes of the alert to the Rapid Notification System, your product could be recalled across all of Europe. The expenses are all yours - to say nothing of the potential damage to your reputation, not just in one country, but across all of Europe and, shortly thereafter, worldwide.

One recall can cost you the valuable reputation you have built up over the years. It can also cost you:

• Expense to ship the products
• Expense to notify customers and vendors of the recall
• Expense to hire extra staff to make the needed repairs
• Expense to dispose of the faulty components

…all on top of the expense of lost consumer and retailer confidence in your products and your company.

Is there a solution? Now there is. AIG Recall Insurance.

AIG Recall Insurance can protect businesses from the devastating effects of such recalls; covering the key expense areas and also providing the expertise of world renowned crisis management and publicity consultants to guide the company through the critical first few weeks of a product recall.

The speed of today's communication systems and worldwide media make this an issue you need to resolve now.

If you would like to know more about AIG Recall Insurance, AIG South Africa has the best Crisis Management Solutions to help you through your time of need.

Contact Absolutely Covered Brokers on +27 (0) 12 345 4101. Or click here to email us


AIG South Africa is a member of American International Group, Inc. (AIG), world leaders in insurance and financial services. AIG is the leading international insurance organisation with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.