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Mitigating Risk, Maximizing Protection: Product Recall and Liability Insurance

Join us for an in-depth webinar on managing the financial risks of product recalls with product recall and liability insurance. Explore the scope and impact of product recall insurance, covering critical areas including product liability exposures, recall expenses, business interruption, crisis management, third-party liability, and more. Examine real-world case studies and interactive scenarios to gain insight into coverage features, risk mitigation, and claims handling. Navigate recall challenges, protecting both financial interests and brand reputation​.

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Webinar Details


Mitigating Risk, Maximizing Protection: Product Recall and Liability Insurance

Manage the financial risks of product recalls with product recall and liability insurance. Explore the breadth of product recall insurance, covering product liability exposures, recall expenses, business interruption, crisis management, third-party liability, and more. Examine real-world case studies to gain insight into coverage features, risk mitigation, and claims handling. 

Date and Time
Webinar Duration
60 minutes
Topics
  • Understand the financial risks and exposures associated with product recalls and how product recall insurance mitigates these risks.
  • Differentiate between product liability and product recall insurance, including policy features, limitations, and coverage options.
  • Explore real-world scenarios in industries like food, automotive, and pharmaceuticals to see how product recall claims are managed and resolved.
  • Learn about the crucial role of risk assessment and prevention services, including supply chain audits and quality control measures, in minimizing recall risks.
  • Gain insight into the claims process for product recall insurance, including documentation requirements, policy exclusions, and collaboration with insurers for timely resolution.

Presenter

Steven M. McElhiney headshot

Steven M. McElhiney , CPCU, ARe

Steve McElhiney is senior vice president and global director of reinsurance for Gallagher Artex, serving in its reinsurance intermediary, EWI Re, which provides reinsurance solutions for Artex captive and mutual transactions globally. He previously served as chief risk officer of EWI’s parent company, Contran Corporation, and as president of its captive insurer, Tall Pines Insurance Company of Vermont, and of EWI Re (UK), Ltd., EWI’s London-based subsidiary and Lloyd’s brokerage. McElhiney is on the advisory board of AIRROC, where he is leading an initiative around finality transactions for captives. He also wrote Fundamentals of Reinsurance and Reinsurance Markets, published by IRMI, and was named to the 2020 Captive Review Power 50 list.

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