diff --git a/src/telemetry.erl b/src/telemetry.erl
index 07ad93f..41dde99 100644
--- a/src/telemetry.erl
+++ b/src/telemetry.erl
@@ -63,7 +63,12 @@
 %% or `&handle_event/4' ) as event handlers.
 %%
 %% All the handlers are executed by the process dispatching event. If the function fails (raises,
-%% exits or throws) then the handler is removed.
+%% exits or throws) then the handler is removed and a failure event is emitted.
+%%
+%% Handler failure events `[telemetry, handler, failure]` should only be used for monitoring
+%% and diagnostic purposes. Re-attaching a failed handler will likely result in the handler
+%% failing again.
+%%
 %% Note that you should not rely on the order in which handlers are invoked.
 -spec attach(HandlerId, EventName, Function, Config) -> ok | {error, already_exists} when
       HandlerId :: handler_id(),
@@ -86,7 +91,12 @@ attach(HandlerId, EventName, Function, Config) ->
 %% or `&handle_event/4' ) as event handlers.
 %%
 %% All the handlers are executed by the process dispatching event. If the function fails (raises,
-%% exits or throws) then the handler is removed.
+%% exits or throws) a handler failure event is emitted and then the handler is removed.
+%%
+%% Handler failure events `[telemetry, handler, failure]` should only be used for monitoring
+%% and diagnostic purposes. Re-attaching a failed handler will likely result in the handler
+%% failing again.
+%%
 %% Note that you should not rely on the order in which handlers are invoked.
 -spec attach_many(HandlerId, [EventName], Function, Config) -> ok | {error, already_exists} when
       HandlerId :: handler_id(),
@@ -151,6 +161,14 @@ execute(EventName, Measurements, Metadata) when is_map(Measurements) and is_map(
             catch
                 ?WITH_STACKTRACE(Class, Reason, Stacktrace)
                     detach(HandlerId),
+                    FailureMetadata = #{event_name => EventName,
+                                        handler_id => HandlerId,
+                                        handler_config => Config,
+                                        kind => Class,
+                                        reason => Reason,
+                                        stacktrace => Stacktrace},
+                    FailureMeasurements = #{monotonic_time => erlang:monotonic_time(), system_time => erlang:system_time()},
+                    execute([telemetry, handler, failure], FailureMeasurements, FailureMetadata),
                     ?LOG_ERROR("Handler ~p has failed and has been detached. "
                                "Class=~p~nReason=~p~nStacktrace=~p~n",
                                [HandlerId, Class, Reason, Stacktrace])
diff --git a/test/telemetry_SUITE.erl b/test/telemetry_SUITE.erl
index a1d8b49..79d4f72 100644
--- a/test/telemetry_SUITE.erl
+++ b/test/telemetry_SUITE.erl
@@ -97,21 +97,44 @@ list_for_prefix(Config) ->
 
      ?assertEqual([], telemetry:list_handlers(Event ++ [something])).
 
-%% handler function is detached when it fails
+%% handler function is detached when it fails and failure event is emitted
 detach_on_exception(Config) ->
     HandlerId = ?config(id, Config),
     Event = [a, test, event],
     HandlerFun = fun ?MODULE:raise_on_event/4,
-    telemetry:attach(HandlerId, Event, HandlerFun, []),
+    HandlerConfig = [],
+
+    FailureHandlerId = failure_handler_id,
+    FailureEvent = [telemetry, handler, failure],
+    FailureHandlerConfig = #{send_to => self()},
+    FailureHandlerFun = fun ?MODULE:echo_event/4,
+
+    telemetry:attach(HandlerId, Event, HandlerFun, HandlerConfig),
+    telemetry:attach(FailureHandlerId, FailureEvent, FailureHandlerFun, FailureHandlerConfig),
 
     ?assertMatch([#{id := HandlerId,
                     event_name := Event,
                     function := HandlerFun,
-                    config := []}],
+                    config := HandlerConfig}],
                  telemetry:list_handlers(Event)),
 
     telemetry:execute(Event, #{some => 1}, #{some => metadata}),
 
+    receive
+        {event, FailureEvent, _FailureMeasurements, FailureMetadata, FailureHandlerConfig} ->
+            ?assertMatch(#{event_name := Event,
+                           handler_id := HandlerId,
+                           handler_config := HandlerConfig,
+                           kind := throw,
+                           reason := got_event,
+                           stacktrace := [_ | _]},
+                         FailureMetadata),
+            ok
+    after
+        300 ->
+            ct:fail(failure_event_not_emitted)
+    end,
+
     ?assertEqual([], telemetry:list_handlers(Event)),
 
     %% detaching returns error if handler with given ID doesn't exist