PRplus is LIU’s Product Recall policy. It covers consumer and commercial durable products including:
- Kids toys;
- Electronic products;
- Power tools;
- Kids and adult clothing;
- Home and office furniture;
- Pool supplies;
- Machinery; and
- Other items usually found in a home or factory.
The financial impact of product recall can be highly damaging. In most cases Product Recall is excluded under Products Liability policies and there is little, if any, cover for a client's loss.
LIU’s Product Recall cover can offer broader protection than the traditional wording and standard covers as it can be varied to meet the needs of your organisation including additional cover set to limits that match your exposures.