Business risk
Recall expenses
Also: Product recall
Cost of locating, communicating, transporting, and destroying a product withdrawn from the market.
In practice
It is an expense cover, distinct from the civil liability for the damage the product may cause. Almost always subject to a sublimit, and in food or automotive, this sublimit is easily exceeded.
Where it is addressed
This term is covered in Responsabilidad civil and applies when taking out Responsabilidad Civil.
