Storefront Community

MRM Group

     Fill out the form below if you are interested in this program.
Program Details -

Durable Goods


Coverage Description

  • Product Defect - an error in the manufacture, assembly, design, specification, packaging, labelling (including instructions for use) or distribution of any Insured Products where use of such Insured Products for the purpose for which they were intended (and no other purpose) has led or would lead to property damage, bodily injury, sickness, disease or death of any person(s) or animal(s) physically manifesting itself by way of clear, obvious or visible symptoms
  • Malicious Product Tampering -the actual or threatened, intentional, malicious and illegal alteration or adulteration of any Insured Products, or the creation of Adverse Publicity implying such alteration or adulteration, so as to give the Insured and/or the public reasonable cause to believe that the Insured Products have been rendered dangerous or unfit for the use for which they were intended by the Insured.
  • Extortion Demand PaymentsA threat or threats that, unless a demand for money or other valuable consideration is met, Insured Products will be subject to intentional, malicious and illegal alteration or adulteration so as to make them dangerous or unfit for the use

Covered Items

Recall Expenses-

  • Expenses of communications including emergency incident phone lines, public relations specialists, radio, television, internet and media announcements, newspaper and magazine advertising ii) transportation costs in recalling and / or withdrawing Harmful Products
  • Expense for rent or hire of additional warehouse space
  • The cost of hire of additional persons, other than regular employees of the Insured, and of additional accommodation for such persons
  • Remuneration paid to employees of the Insured for overtime incurred solely and directly as a result of an Insured Event covered by this Policy
  • Out of pocket expenses incurred by personnel under paragraphs (iv) and (v) above, including transportation, other than to and from the employees’ normal place of work
  • Costs incurred by the Insured in destroying or disposing of Harmful Products, including disposal or destruction of packaging material that cannot be reused, providing that the costs of disposal or destruction do not exceed the costs incurred in reworking Harmful Products and delivering the reworked products to customers or their nominated agents.
  • Similar directly related expenses

Product Reworking Costs or Product Replacement or Reimbursement Costs-

  • Costs incurred by the Insured in the reworking of Harmful Products and in delivering reworked products to customers provided that the total cost of reworking and delivery does not exceed the cost of replacing or reimbursing the value of the Harmful Products whichever is less.
  • Costs incurred by the Insured of credits or allowances for or reimbursing the value of Harmful Products, up to the amount received by or due to the Insured for such Harmful Products, which have been or will need to be disposed of or destroyed, or
  • Costs incurred by the Insured in replacing Harmful Products and delivering such replacement products to customers

Third Party Expenses

  • Third Party Recall Expenses incurred by a customer of the Insured, and which the Insured has a legal obligation to reimburse or pay that customer, in recalling a Harmful Product which has been manufactured, assembled, packaged or labelled (including instructions for use) or distributed by the Insured on behalf of such customer and which have been incurred due solely to the Insured Product being subject to an Insured Event. Underwriters’ liability will, however, be limited to the equivalent Recall Expenses that the Insured would have incurred if it had carried out the recall or withdrawal itself.

Optional Coverages

  • Insured Loss of Revenue, Customer Lost Profits, Manufacturers E&O, Impaired Property

Locations Served : Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Washington,D.C., Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming