Callback cost insurance

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The recall insurance cover in addition to product liability insurance , the cost risk of the implementation of product recalls, that the financial recall damage the back calling the manufacturer or distributor suffered by the recall. Recall damage is understood to mean the legally owed effort that is incurred in order to avoid otherwise unavoidable risks of considerable personal injury.

End manufacturers and parts manufacturers as well as EEA importers of dangerous products may be obliged to recall . The recall takes place through their request or request of the responsible authorities to end consumers, dealers supplying them, contract or other workshops that inspect the dangerous products for defects causing the risk, remove any defects found or have other named measures carried out. In addition to the risk of considerable personal injury, it is also necessary that the products that are dangerous to people are with the end user; as long as they are still in the distribution warehouse or at the dealer, the imminent danger is not yet acute. Different coverage concepts are offered for

• Dealers and manufacturers of goods which, however, may not be intended for use in vehicles or aircraft and
• Suppliers to automotive manufacturers

case of insurance

The insured event in recall insurance is triggered by the policyholder's statutory obligation to recall. The legal obligation to recall can result from the obligation to observe the product as well as from official orders.

Scope of insurance coverage

The insurance covers pure financial losses suffered by the policyholder due to the recall. In addition to the notification costs, the insurance cover includes the costs of checking for actually existing defects, their elimination by replacing or repairing the defective products including the associated transport and interim storage costs, the costs of removing products or their destruction as well as the costs of expiry and Success control. It should be noted that only the cheapest insured remedial measure is insured. The costs of the defective products themselves are not insured.

Insurance coverage limits

The reimbursement of personal injury and property damage is not insured. The recall must also serve to avoid personal injury. If the recall serves only to avoid property damage, the costs incurred are not insured.

The policyholder must carry out the recall due to a legal obligation. If the recall is not based on a legal obligation but, for example, on the basis of a guarantee given to the customer, there is no insurance cover. Damage from recalls due to alleged, threatened or actual malicious and malicious manipulation of products are not insured.

In addition, as in product liability insurance, recall damage caused by products that have not been adequately state of the art in science and technology or has not been tested in any other way is generally not insured. What constitutes adequate testing can be disputed in individual cases.

Automotive supplier

Motor vehicle suppliers have the option of taking out additional cover under recall cost insurance

• Measures and costs in the run-up to averting danger due to apron damage
• Exchange outside of security

With this additional (optional) expansion option, conclusive insurance cover for product liability insurance is guaranteed, which excludes the risk of vehicle delivery.