AUGUST 20, 2014 – Insurance brokerage Bolton & Company, Pasadena, CA, welcomes Greg Doherty, CPCU, ARM as executive vice president and managing director of the Dietary Supplement Practice Group. “Greg is extremely well-known in the dietary supplement and nutraceutical industry and we are very excited to have him join our team,” said Steve Brockmeyer, ARM, […]
The popular television commercial that ends with the line “What’s in your wallet?” got me thinking about some of the insurance exclusions that exist (and often are conveniently hidden) in the product liability insurance policies of dietary supplement and nutraceutical manufacturers and retailers. Most people are aware that certain ingredients, and finished products containing said […]
The price for this insurance has been going down at a rapid rate since about 2005. It was going up in a very rapid rate between about 2001 and 2005 but then it started to come down. Most people thought, “Oh, well finally the insurance companies have figured out that the supplements are safe and […]
It’s been almost eight years since I wrote about the basics of what to watch out for as an owner or financial manager of a dietary supplement company when searching for product liability insurance. Things have changed a lot in same cases, and very little in others. This article will update some of the pertinent […]
People in the nutraceutical or dietary supplement industry want to buy product liability insurance for one of two reasons, or both reasons combined. The first reason is that they want to sleep better at night knowing that they may get sued any day for the products they sell. The second reason is that they want […]
In April 2014, we’ll be coming up on the tenth anniversary of the FDA’s ban of ephedra based nutraceuticals. What does the ephedra ban have to do with today’s nutraceutical industry or with the role of an independent nutraceutical product liability insurance broker? Read on. Ephedra alkaloids, extracted from Ephedra sinica, have been used medicinally […]
