Ironshore Specialty Casualty, the specialty insurance unit of Ironshore Inc., has expanded its crisis management coverage to include a product recall enhancement for product manufacturers. Ironshore’s “Crisis ThreeSixty” (with recall reimbursement expense) offers a crisis management feature to assist clients in responding to the circumstances surrounding the potential impact of a product recall.
This new policy enhancement offers a no-cost service that provides clients with input from specialists who can assist an organization with its response to the issues arising from a product recall, in addition to also being available to assist with pre-event preparedness and the formulation of a post-event response strategy. The expanded coverage includes expenses incurred to recall, inspect or dispose of a product because of a Crisis ThreeSixty event. Coverage is provided on a first dollar basis.
Ironshore Specialty Casualty has partnered with red24assist, specialists in the field of product recall incidents, who will oversee these services. Also, red24assist will offer Ironshore clients pre-event input focusing on assessment, safety planning and inspection processes.
Ironshore provides broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its multiple international platforms.