For small and mid-sized manufacturers supplying Tier 1, Tier 2, and Tier 3 components to major Original Equipment Manufacturers, these risks can be particularly severe – sometimes leading to bankruptcy. MRM Group’s Component Auto Part Recall Insurance provides tailored coverage to help protect manufacturers, suppliers, and distributors from the high costs associated with a recall event. With policy features that include Lloyd’s of London backing and best-in-class crisis management support from RQA Group, our coverage is tailored to help mitigate the risks associated with a recall event and fill in the explicit recall-related coverage gaps within standard General Liability policies.

Contact MRM Group for the Automotive Component Recall protection you need to mitigate the costly risks and negative impact of component recalls!

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Our comprehensive policy protects against a broad range of recall related costs, including:

Covered Events:

• Government Recall
• Product Safety Incident
• Product Guarantee

Loss Categories:

• Defense Costs
• First & Third-Party Recall Expenses
• Financial Loss
• Product Replacement Costs
• Consultant & Crisis Management Fees
• Extra Expenses