AIG vs Chubb: How Do They Compare for Product Recall Insurance?

The source attributes the product to collaboration between AIG Multinational and Talbot Underwriting. It does not resolve the legal issuing entity for a particular policy, so this draft preserves the collaboration boundary. ³Company-reported. Role in this product is limited to the description on the linked AIG source.

Chubb underwrites product recall insurance directly through Recall Plus for Consumer Goods, aimed at both new and established business owners producing consumer goods. ⁷Company-reported. Recall Plus for Consumer Goods product page.

The summary sheet identifies component-part manufacturers, consumer-goods and topical/consumer-health businesses, and finished-goods supply-chain participants. It describes a multinational market, not unrestricted U.S. standalone eligibility. ³Company-reported. Audience is the segment AIG names on the linked source; this is not an underwriting decision, quote or guarantee of availability.

Chubb primarily targets companies with sales up to $1 billion; companies above $1 billion are considered with a high self-insured retention or on an excess basis. Target risks include manufacturers, importers, distributors, wholesalers and retailers of finished consumer products such as appliances, electronics, clothing, furniture, household goods, children's products and sporting goods. ⁷Company-reported. Client Profile section.

AIG and Talbot describe Product Recall Insurance within a multinational risk solution. The sheet does not establish a buyer’s recall trigger, covered costs, limits, exclusions or policy issuer for a local placement. ³Company-reported. AIG’s public product description is not the policy. Actual entitlement depends on the applicable issued form, endorsements and declarations.

Chubb says coverages are made-to-order, letting policyholders select add-on coverages based on need or budget, and offers crisis consultants available 24/7 via an emergency hotline. ⁷Company-reported. Coverage Highlights section; subject to the policy as issued.

Chubb restricts this product for drop-side cribs, e-cigarettes, fireworks, and products that are incorporated as a component of a third party's products or goods. ⁷Company-reported. Restricted Classes list.

The reviewed summary sheet does not specify a standard limit, retention or deductible for a buyer. Confirm the local policy, issuer and terms for the transaction. ³Not publicly disclosed. This statement reports only what the linked public source discloses and does not substitute for a quote or issued policy.

Chubb publishes a $5,000 minimum self-insured retention ($2,500 minimum for small businesses) and says its Product Recall unit has $5 million in limits available on a primary and excess basis, with additional capacity considered case by case. ⁷Company-reported. Coverage Highlights, Minimums and Limits sections.

The summary sheet describes an integrated multinational service team, local policy and claims handling through network participants, and risk engineering support. The specific service provider depends on the placement and jurisdiction. ³Company-reported. The linked page describes company-reported support; specific account services and third-party arrangements must be confirmed.

Chubb says businesses get 24/7 access to a network of specialized product-recall consultants on a post-incident basis, described as leading industry professionals familiar with product-recall regulatory challenges. ⁷Company-reported. Specialized Consultants section.

Confirm in your quote.

Chubb publishes a Recall Plus application for non-food products and provides an email address for product-recall insurance questions. ⁷Company-reported. Related Resources and Contact sections.