Product Recall Insurance
Definition of "Product recall insurance"
Coverage for the expenses incurred by a business resulting from the recall of products, whether defective or not.
Popular Insurance Terms
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Coverage for damage or destruction of property with relatively high monetary value, such as stock brokerage house and bank shipments, which involve the transfer of securities and monies to ...
Formal process of setting aside funds on a mathematical basis to provide deferred income benefits. ...
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Model state law that stipulates minimum benefits that must be contained in the policy provisions, restrictions on policy illustrations, minimum reserve requirements, and minimum ...
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Coverage for fire and explosion, against fire and any damage caused by explosion whether or not fire ensues, and whether or not an explosion occurs on- or off-board; sinking from floating ...
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