Product Recall Fails to Notify All

A manufacturer of an over-the-counter cold medication withdrew the product in accordance with its product recall program. Not all consumers were aware of the recall. Six months later, a woman suffered a reaction when taking the medication for the first time and filed a claim against the manufacturer. With Customarq for Life Sciences’ optional Extended Occurrence Period, this company had the needed protection. Total Cost: $1,000,000.

InsuranceSwingle Collins