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product recall

Product recall is a type of insurance coverage for the cost of getting a defective product back under the control of the manufacturer or merchandiser that would be responsible for possible bodily injury (BI) or property damage (PD) from its continued use or existence.

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Additional Information

Standard product liability insurance does not cover this exposure due to the "sistership liability exclusion."

Related Terms

A product is the subject of product liability insurance; defined in the standard Insurance Services...