CFC vs Gallagher Product Recall Insurance

CFC underwrites two related product recall lines: a contaminated product recall policy aimed at food and beverage businesses, and a broader product recall policy for consumer products through automotive parts. ⁵Company-reported. Product recall product page, which presents these as two separate downloadable products under one product line.

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 reviewed product recall page does not name the insurer or Lloyd's syndicate carrying the risk. CFC's regulatory page lists CFC-affiliated underwriting entities, including its own Lloyd's Syndicate 1988, but does not tie one specifically to product recall. ^5,4Not publicly disclosed. Checked the product recall page and CFC's regulatory information page; neither names a product-recall-specific carrier.

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.

Not described in the reviewed sources.

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.

The general product recall policy covers rectification costs, loss of sales, ancillary costs, and reputation protection across recall scenarios that CFC says include cyber-related product tampering and software product safety issues. ⁵Company-reported. Product recall description on the product page; exact terms are set by the policy as issued.

The separate contaminated product recall policy is built for food and beverage products and includes business interruption cover, reputation protection, and cover for errors made by contract manufacturers. ⁵Company-reported. Contaminated product recall description on the product page.

CFC frames recall costs in three stages it says the policy is meant to help with: identifying the issue (testing, consultants, halting production), conducting the recall (consumer notices, transport and disposal, retailer fees, crisis PR), and business continuity (lost sales, cancelled contracts, replacing suppliers). ⁵Company-reported. Cost-category breakdown on the product page; this describes the categories of exposure CFC highlights, not a line-by-line coverage grant.

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.

The reviewed product recall page does not publish limit amounts, retentions, or maximum revenue eligibility for either product recall offering. ⁵Not found in reviewed sources. Product recall page checked on 2026-09-23; no numeric limit or eligibility figures appear on the page.

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

Not described in the reviewed sources.

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.

CFC offers a quick online indication for product recall insurance using three pieces of information, and publishes separate downloadable application forms for the contaminated product recall and general product recall products. ⁵Company-reported. Product page indication call to action and downloads section.

Not described in the reviewed sources.