Insurance broker / Product recall insurance / Policy wording archive Product recall
R+V UnternehmensPolice Kompakt Firmenkunden Bau: the policy wording in full
Rückrufkostenhaftpflicht als Einschluss der Haftpflicht für das Baugewerbe im Bedingungsheft Firmenkunden, je Versicherungsfall und Jahr bis 250.000 EUR innerhalb der Versicherungssumme; der Umfang folgt den Besonderen Bedingungen HA Rückrufkosten Produkt.
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Everything about this policy
What the policy covers: 70 points, each with its clause
Quotes are shortened.
The full German wording of each point is on the German page for R+V UnternehmensPolice Kompakt
Firmenkunden Bau.
Basics
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Sum insured for recall costs per insured event | yes, up to EUR 250,000 | „je Versicherungsfall 250.000 EUR“ | BAU Leistungsübersicht 4.0, page 74 |
| Annual aggregate limit for all recalls in one insurance year | yes, up to EUR 250,000 | „je Versicherungsjahr 250.000 EUR“ | BAU Leistungsübersicht 4.0, page 74 |
| Stand-alone recall cover with its own sum (not just a sublimit of general or product liability) | no | „im Rahmen der vereinbarten Versicherungssumme für Sach- und Vermögensschäden“ | BAU Leistungsübersicht 4.0, page 74 |
| The insured event is the recall carried out during the policy period (not only damage that has occurred) | not addressed | ||
| Third-party recall: claims by third parties (customers, final manufacturers, traders) for the costs of a recall they carried out | yes, up to the sum insured | „Eingeschlossen ist die Rückrufkostenhaftpflichtversicherung im Umfang der Besonderen“ | BAU Ziffer 4, page 123 |
| Own recall: the policyholder's own costs for recalling its products | not addressed | ||
| Third-party products containing the policyholder's products (combined, mixed, processed, installed) | not addressed | ||
| Recall of motor vehicles because of vehicle parts, accessories or supplied components (motor recall costs) | not addressed | ||
| Trading companies, importers and own-brand sellers included | yes | „oder unter Leitung des Versicherungsnehmers hergestellt, geliefert oder vertrieben wurden“ | BAU Ziffer 4, page 123 |
| Co-insured companies (subsidiaries, sites) and persons | not addressed |
Recall triggers
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Recall to avert imminent personal injury | not addressed | ||
| Recall also to avert imminent property damage | not addressed | ||
| Recall ordered by an authority | not addressed | ||
| Recall without an official order on the basis of a legal obligation | not addressed | ||
| Precautionary recall without a legal obligation (voluntary, goodwill or at the customer's request) | not addressed | ||
| A suspected defect is enough if supported by sufficient sample findings or other objective facts | not addressed | ||
| Recall from end consumers | not addressed | ||
| Recall from traders and distribution partners before the products reach the end consumer | not addressed | ||
| Warning, retrofit or on-site repair instead of taking the products back | not addressed | ||
| Remedies under product safety law (EU General Product Safety Regulation 2023/988): repair, replacement or refund | not addressed | ||
| Accidental contamination or mislabelling as a trigger (product contamination cover, mainly food and cosmetics) | not addressed | ||
| Malicious product tampering and product extortion as a trigger | not addressed |
Covered costs
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Notifying customers and warning the public (letters, advertisements, media) | not addressed | ||
| Identifying the affected products and their holders (tracing) | not addressed | ||
| Pre-sorting and inspection of the products (testing and sorting costs) | not addressed | ||
| Transport of the recalled products | not addressed | ||
| Interim storage of the recalled products | not addressed | ||
| Removal of defective and installation of sound products (replacement labour) | not addressed | ||
| Rework or repair of the products instead of replacement where cheaper | not addressed | ||
| Delivery of sound replacement products (transport to the customer) | not addressed | ||
| Value of the replacement products or refund of the purchase price | not addressed | ||
| Destruction or disposal of the products | not addressed | ||
| Additional staff costs (overtime, temporary staff, hotline) | not addressed | ||
| Crisis consultants, public relations and experts | not addressed | ||
| Loss of profit and business interruption caused by the recall | not addressed | ||
| Rehabilitation costs to restore sales and market share | not addressed | ||
| Examination of liability and defence against unjustified claims for recall costs | not addressed |
Limits, deductible, territory
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Deductible per recall | EUR 5,000 | „an jedem Schaden 5.000 EUR“ | BAU Leistungsübersicht 4.0, page 74 |
| Several recalls from the same cause count as one insured event (series clause) | not addressed | ||
| Recall costs count against the sum insured of general and product liability | yes | „im Rahmen der vereinbarten Versicherungssumme für Sach- und Vermögensschäden“ | BAU Leistungsübersicht 4.0, page 74 |
| Recalls in Europe covered | not addressed | ||
| Recalls worldwide covered | not addressed | ||
| Recalls in the USA and Canada covered | not addressed | ||
| Products delivered before inception included (retroactive cover) | not addressed | ||
| Extended cover for recalls after the end of the contract | not addressed | ||
| Time limit: the recall must take place within a period after delivery | not addressed |
Exclusions
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Exclusion: defects known at the time of delivery | not addressed | ||
| Exclusion: products not tested in line with the state of the art (testing clause) | not addressed | ||
| Exclusion: deliberate deviation from laws, regulations or the customer's instructions | not addressed | ||
| Exclusion: mere quality or warranty defects without danger to persons or property | not addressed | ||
| Exclusion: products not yet delivered or placed on the market | not addressed | ||
| Exclusion: fines, contractual penalties and punitive damages | not addressed | ||
| Exclusion: undertakings beyond statutory liability (guarantees, recall agreements) | not addressed | ||
| Exclusion: expiry of shelf life, natural deterioration, wear | not addressed | ||
| Exclusion: aircraft and spacecraft and parts for them | not addressed | ||
| Exclusion: medicines, medical devices, tobacco or other named product groups | not addressed | ||
| Exclusion: recall because of software errors, data loss or cyber attacks | not addressed |
Duties and crisis support
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Notification of the imminent recall to the insurer | not addressed | ||
| Recall measures must be agreed with the insurer before they are carried out | not addressed | ||
| Traceability and marking of the products (batches, serial numbers) required | not addressed | ||
| Recall plan or crisis management in the business required | not addressed | ||
| Quality assurance to a named standard required (certification, incoming and outgoing checks) | not addressed | ||
| Duty to report new products, markets or increases in risk | not addressed | ||
| Insurer's crisis hotline or crisis consultant around the clock | not addressed |
Contract
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Contract term and renewal | not addressed | ||
| Right to cancel after an insured event | not addressed | ||
| Premium based on turnover with annual declaration and adjustment | not addressed | ||
| Provisional cover for new risks and products | not addressed | ||
| Premium adjustment by the insurer during the term | not addressed | ||
| Future improvements of the terms apply automatically to existing contracts | not addressed |
Evaluated by NAMMERT from published policy wordings.
Despite care, a value may be misread;
legally only the wording of your own contract in the edition stated there applies.
Please report errors, we correct them the same day.
Policy wordings and provider
- Legal entity
- R+V Allgemeine Versicherung Aktiengesellschaft
- Distribution
- through tied agents
- R+V-Bedingungsheft Firmenkunden (Haftpflicht), Gesamt-Inhaltsverzeichnis Edition: KFH0123; BAU 07/2017, Globalpolice Plus Juli 2016 Original from the insurer (PDF, German)
Full text of the wording
The full text exists only in German.
It is printed on the German page for R+V UnternehmensPolice Kompakt Firmenkunden Bau and available
as plain text.
Volltext R+V UnternehmensPolice Kompakt Firmenkunden Bau Rückrufkosten · As text (Markdown) R+V UnternehmensPolice Kompakt Firmenkunden Bau Product recall