Product recall insurance covers expenses associated with recalling a product from the market. Product recall insurance is typically purchased by distributors, manufacturers, some retailers, and electronics companies to cover costs like customer notification, shipping and disposal costs. Product recall claims can come from manufacturing errors, design faults, human error, tampering, packaging errors and more. The consequences to a firm’s profits and balance sheet can be severe, even fatal. Coverage generally applies to the firm itself, though additional coverage can be purchased to cover the costs of third parties.
The experts at ECC are ready to extend their services to help you analyze and secure the best possible coverage to fit your client’s firm and protect their company. Your clients will want to purchase Product Recall Liability from ECC to meet the needs of a diverse industry. Backed by companies with “A” ratings and financial stability, ECC provides the most up-to-date coverage available in the marketplace.
Why Select ECC for Your Product Recall Insurance?
This Coverage is Offered for Classes of Business Including:
Common Sources of Product Recall Claims
Sales Tips for Insurance Agents
Don’t give a generic sales pitch
To avoid this, get “centered” before your next sales call. During your conversation with the customer, focus your intent on the customer using words, gestures, tonality and context. Don’t think about what you’re going to say next. Listen, then respond, then ask another question.
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It’s all a matter of organization. Whenever you close a deal, spend the extra time to schedule your follow-up appointments. At the same time, schedule time so that you’re 100% sure that you make it to ALL your calls promptly.