Beazley vs Gallagher Product Recall Insurance

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. ⁵Company-reported. Product Recall product page; 'How can we help' and 'Who we can help' sections.

Gallagher's Product Recall team places Product Recall, Product Contamination and Restaurant Contamination insurance with outside carriers; Gallagher does not underwrite the policy. ¹¹Company-reported. Group-level product recall practice page.

The product page does not name the specific Beazley entity that issues this product recall coverage. The insurer named on an actual quote or policy controls. ⁵Not publicly disclosed. Product page as read on 2026-09-23; no issuing-entity disclosure found there.

The product recall page says Gallagher works directly with leading carriers globally but does not name the specific insurer that would issue a given client's policy. ¹¹Not publicly disclosed. Checked the group-level product recall practice page.

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. ⁵Company-reported. Who we can help and Where is this offered sections; account-level underwriting still applies.

Gallagher markets this coverage to manufacturers and supply-chain participants across food and beverage, automotive, medical device, pharmaceutical, restaurant and consumer-goods segments, citing 2023 US recall counts including 916 vehicle recall types, 975 medical device recalls, 517 pharmaceutical recalls and 322 consumer good recalls. ¹¹Company-reported. Group-level product recall practice page; industry-wide statistics, not eligibility criteria for a specific applicant.

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. ⁵Company-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. ⁵Company-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. ⁵Company-reported. How can we help section; specific policy wording and endorsement availability require the issued policy.

Gallagher says product recall insurance is designed to fill a gap left by general liability and product liability policies: it cites USDA data that roughly 80% of food and agribusiness losses from a food-borne illness event fall outside a standard product liability policy's scope. ¹¹Company-reported. Group-level product recall practice page; a general market statistic attributed to USDA, not specific to any client's policy.

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. ⁵Company-reported. How can we help section; whether a given account qualifies for no self-insured retention is an underwriting decision.

The product recall page does not publish limits, retentions or premium ranges. ¹¹Not publicly disclosed. Checked the group-level product recall practice page.

Beazley says policyholders get access to product recall consultants and a single point of contact for claims. ⁵Company-reported. How can we help section; consultant quality is a company characterization, not independently verified.

Gallagher says its Product Recall team consists of specialists who spend all their time on this risk, and that it provides claims advocacy, forensic accounting, contractual feedback on recall liability, regulatory consulting, coverage advisory, business-continuity planning and staff training tied to a recall event. ¹¹Company-reported. Group-level product recall practice page.

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. ⁵Company-reported. Tools & Resources links referenced on the product page; the application forms themselves were not opened.

Not described in the reviewed sources.

Beazley publishes worked claims examples, such as a bottle-cap mislabeling defect and a snack-food allergen mislabeling, describing reimbursement for replacement costs, business-interruption losses and customer refunds, alongside its stated single point of contact for claims. ⁵Company-reported. Examples or Scenarios section; these are company-selected illustrative examples, not a representative claims-outcome statistic.

Not described in the reviewed sources.