By Greg Doherty, Bolton & Company | March 1, 2017 Costs for product liability insurance are relatively low. Here’s some advice to reduce your costs and protect your company. Things have changed in the 15 years that our insurance practice has been providing product liability and other insurance products to the dietary supplement industry. My […]
By Greg Doherty, Bolton & Company and Joseph P. Schilleci, Jr., Schilleci & Tortorici, P.C. As in the dietary supplement industry, companies need to understand regulatory and liability insurance requirements. Historically, the U.S. cosmetics industry has enjoyed a fairly favorable regulatory environment. However, recent trends seem to suggest the FDA is taking a more active […]
By Greg Doherty & Justin J. Prochnow, Bolton & Company/Greenberg Traurig LLP | October 3, 2016 Companies must understand all of their insurance, regulatory and legal responsibilities. International companies looking to enter the dietary supplement market in the U.S. have a long and winding road to navigate. Negotiating the maze of laws and regulations enforced […]
By Greg Doherty, Bolton & Company | July 1, 2016 Many liability insurance requirements in contract agreements can be problematic. Over the last 15 years I have watched the dietary supplement industry mature in many ways, one of which is the increasing use of written contracts and agreements delineating responsibilities of the companies signing them. […]
Product Liability Insurance for Internet Supplement Sales By Greg Doherty, Bolton & Company | May 2, 2016 Transferring risk to an insurance company, at historically low costs, deserves serious consideration. Internet selling of dietary supplements continues to grow. I’ve been receiving more and more calls lately from people who are selling, or are planning to […]
By Greg Doherty, Bolton & Company | April 29, 2016 Steer clear of this pitfall with sharp-eyed insurance buying practices. Most people in the dietary supplement industry who are responsible for the procurement of product liability insurance for their company know from experience that “claims made” (CM) coverage is the only type of coverage available […]
2015 was not a good year for the supplement industry, from both a regulatory standpoint and also the general public’s media-driven, negative perception of the industry. It seems everyone is now confronting accusations that the dietary supplement industry doesn’t care about quality, safety or product integrity. And few, if any, expect that chorus to subside; […]
FOR IMMEDIATE RELEASE February 3, 2016 Major supplier of Product liability insurance exits marketplace (Los Angeles, CA). Lexington Insurance Company, a subsidiary of American International Group, has decided to immediately stop offering product liability insurance to the dietary supplement industry. All current Lexington policyholders will receive a notice of non-renewal when their renewal date approaches. […]
What’s covered, what’s not and what do you need to know? FAQ for Product Liability Insurance. Almost every day I get a phone call or e-mail from someone who is starting a dietary supplement company. The questions I get from the caller are always the same. When I sat down to write this month’s […]
Provisions are often buried in the ‘fine print,’ so be careful when reviewing your policy. Be wary of any coverage part that puts you in a position of warranting anything as a condition of coverage Recently I had my annual physical, and my doctor recommended a couple of preventive medicine procedures in pursuit of […]
