What it does
FL 04 02 is filed by ISO as Limited Product Withdrawal Expense Coverage for the farm program. Product withdrawal coverage pays expenses of recalling the insured's products from the market, which the liability form excludes.
Who needs it
Farms selling food products off the farm: produce, eggs, meat, dairy and packaged goods.
Quoting and selling notes
Ask about distribution channels, lot traceability and food safety certifications.
Before presenting it
Ask the carrier for the specimen and read it with FL 00 20 before explaining it to the insured.
How it fits the farm liability policy
A farm liability endorsement changes only the coverages it names (Coverage H bodily injury and property damage, Coverage I personal and advertising injury, Coverage J medical payments, or a coverage it adds). The rest of FL 00 20, including the definitions of "farming", "custom farming" and "insured location", continues to apply. When presenting a quote, list each farm liability endorsement and its schedule entries so the insured sees how the base form was broadened or narrowed.
