Why business needs specialist cover for product recalls

Why Business Needs Specialist Cover for Product Recalls – WEALTHWISEmag.com

Product recall incidents appear almost on a daily basis across the globe. The rising number of product recalls highlights the need for South African businesses to have a proficient product recall and guarantee cover plan in place to mitigate the risk of severe financial loss or, in the worst case scenario, liquidation, says Simon Colman, Underwriting Executive at SHA Specialist Underwriters, one of the largest liability underwriting management agency (UMA) in Southern Africa.

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