New York- (Business Wire)–Berkley Global Product Recall announced today that it has changed its name to Berkley Product Protection and now offers broader coverage. In addition to product recalls and contamination, the new scope of liability applies to a variety of medium and high risks, including manufacturers, wholesalers and importers. The new coverages — general liability and excess/umbrella liability — are primarily offered on an admitted basis, while recall coverage will continue to be offered on a non-admitted basis. While the new liability products complement the current recall coverage, each product is offered as a separate policy.
Luis Rivera, President of Berkley Product Protection, commented: “We are pleased to expand our capabilities in market areas that are a natural complement to our product recall business and bring added value to our customers. Berkley Product Protection is building upon our expertise Dedicated coverage where it really matters. We are building a strong foundation with a knowledgeable and talented team and look forward to expanding our product portfolio and serving our valued business partners.”
For more information on the rebrand and product expansions, as well as existing product recall products and services offered by Berkley Product Protection, please visit www.berkleyproductprotection.com.
About Berkeley Product Protection
Berkley Product Protection offers an extensive product suite, including general liability and product recall and contamination, to help customers in the manufacturing, wholesale and import sectors meet their risk management and insurance needs. We are members of WR Berkley Corporation, an insurance holding company and one of the largest commercial insurance companies in the United States.
Products and services are provided by one or more of WR Berkley Corporation’s insurance company subsidiaries. Not all products and services are available in every jurisdiction and the exact coverage offered by any insurance company is subject to the actual terms and conditions of the policy issued. Certain coverages are available through WR Berkley Corporation’s Surplus Line Insurance Company subsidiary through licensed Surplus Line Brokers. Surplus insurance companies generally do not participate in state guarantee funds, so the insured is not protected by such funds.
For more information on WR Berkley Corporation’s insurance subsidiaries, click here.
