Product recalls are frequent, and can be very damaging to a business. They happen across all industries, though most frequently in the automotive, pharmaceutical, food, and child product industries. With a product recall comes enormous cost, and potential liability risks. Any business that sells products to the public should acquire business insurance. It can spare a company from the cost of a recall, and from legal fees and settlement, if they are sued.
Learn about the worst recalls in history, and the importance of business insurance in the infographic below, presented by InsuranceQuotes.com.
From: Bankrate Insurance’s insuranceQuotes.com