Johnson & Johnson has recalled almost 33,000 bottles of baby powder to dampen the accusations of the presence of asbestos in their talc powder. This is an expensive event, especially at this vulnerable time for J&J since they are fighting numerous lawsuits due to this claim. If your company was pressured into recalling one of your products, how would you recover that expense? Through Oxford’s Actual Net Loss Policy’s Product Recall Expense coverage, you could potentially recoup some of these expenses.
Call Oxford today to see how our Enterprise Risk Management Solutions complement your Commercial Insurance Program to ensure that events like these are covered.