Beazley vs 
Chubb: How Do They Compare for Product Recall Insurance?
Chubb underwrites Recall Plus with $5 million in limits and a $5,000 minimum retention ($2,500 for small businesses) but restricts products built into a third party's goods; Beazley underwrites cover for component parts and food too, without published limits.
Beazley’s non-food recall trigger can apply without bodily injury or property damage; Chubb publishes limits up to $5 million, minimum retentions and restricted classes. 1,2
What Are the Key Differences Between Beazley and Chubb Product Recall Insurance?
Different Products and Available Forms
Beazley separates non-food goods from topical and ingestible products, while Chubb offers Recall Plus for non-food products. Request the form for your product type, then compare its trigger and retention. 1 2
Trigger, Limits and Restricted Classes
Beazley highlights a non-food trigger that does not require bodily injury, property damage or impaired property, and says policies can include no self-insured retentions, without publishing dollar limits. Chubb publishes a $5,000 minimum retention ($2,500 for small businesses) and $5 million available on a primary and excess basis, targets sales up to $1 billion, and restricts drop-side cribs, e-cigarettes, fireworks, and goods used as a component of a third party’s products. 1 2
Consultants and Intake
Both describe specialist help after an incident: Beazley lists product-recall consultants and a single claims contact, with worked examples such as bottle-cap and allergen mislabeling; Chubb lists 24/7 crisis consultants via an emergency hotline. Beazley posts express and standard applications per form; Chubb posts a Recall Plus application for non-food products. 1 2
What Should You Confirm in Beazley and Chubb Product Recall Insurance Quotes?
- If you make ingredients or parts that sit inside another company’s product, ask whether Chubb’s component restriction applies and whether Beazley’s component-parts form is the intended path. 2 1
- Ask Beazley for the applicable form, trigger wording and any quality-issue sublimit. 1
- Ask Chubb for primary versus excess limit, retention and whether your sales exceed the $1 billion target band. 2
- Confirm consultant access hours and whether consultant fees erode the limit. 1 2
Beazley vs Chubb Product Recall Insurance Compared
Beazley vs Chubb: Product Recall Insurance: documented features by provider
| Criteria | Beazley Product Recall – Manufacturing Risk and Response | Chubb Recall Plus for Consumer Goods |
|---|---|---|
| Limits and Retentions | Beazley says policies can include no self-insured retentions and long-term agreements, but the page does not publish specific limit, retention or premium amounts. 1Company-reported. How can we help section; whether a given account qualifies for no self-insured retention is an underwriting decision. | 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. 2Company-reported. Coverage Highlights, Minimums and Limits sections. |
| Who It’s For | Beazley considers a wide range of food and non-food supply-chain businesses, including growers, suppliers, manufacturers, distributors, wholesalers and retailers, with the coverage offered in the US, Canada, Singapore, Australia and the UK. 1Company-reported. Who we can help and Where is this offered sections; account-level underwriting still applies. | 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. 2Company-reported. Client Profile section. |
| How to Apply | Beazley's Tools & Resources section lists separate express and standard applications for the consumer-goods/component-parts and consumable-products forms, plus a renewal application, rather than one universal application. 1Company-reported. Tools & Resources links referenced on the product page; the application forms themselves were not opened. | Chubb publishes a Recall Plus application for non-food products and provides an email address for product-recall insurance questions. 2Company-reported. Related Resources and Contact sections. |
| Coverage Features | Beazley offers two coverage forms: Manufacturing Risk for Consumer Goods & Component Parts, covering all finished non-food products and component parts for any industry, and Manufacturing Risk for Consumable Products, covering topical and ingestible products. 1Company-reported. What we offer section; which form applies depends on the insured's products. Coverage highlights listed are the costs to remove a product from commerce, redesign, reformulate, replace, repair or refund it, protect the brand and reputation, cover lost income and its mitigation, pay third-party damages, and pay penalties from a regulatory proceeding. 1Company-reported. Coverage highlights bullet list; exclusions and sublimits are not detailed on this page. Beazley says the non-food form has a broad trigger that does not require any tie-back to bodily injury, property damage or impaired property, and that an endorsement for consumable products covers quality issues on the same basis, available as an optional sublimit. 1Company-reported. How can we help section; specific policy wording and endorsement availability require the issued policy. | 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. 2Company-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. 2Company-reported. Restricted Classes list. |
| Role in This Line | Beazley underwrites this product recall line itself as a specialty manufacturing risk and response product, rather than describing it as a brokered or program-administered offering. 1Company-reported. Product Recall product page; 'How can we help' and 'Who we can help' sections. | Chubb underwrites product recall insurance directly through Recall Plus for Consumer Goods, aimed at both new and established business owners producing consumer goods. 2Company-reported. Recall Plus for Consumer Goods product page. |
| Risk Services | Beazley says policyholders get access to product recall consultants and a single point of contact for claims. 1Company-reported. How can we help section; consultant quality is a company characterization, not independently verified. | 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. 2Company-reported. Specialized Consultants section. |
