August 20, 2017 (656) 535-1409gdoherty@bolton.co

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More Planning Tips for Successful Supplement Companies
Early last year in this column I wrote about the state of the commercial insurance market in the U.S., and offered some tips to companies in the dietary supplement and nutraceutical industry on navigating what is always a complex process: understanding what insurance your company needs to buy—or not—and buying that coverage at a reasonable premium. Read More.


Insurance Watch: Insurance Planning Tips for Supplement Companies
The commercial insurance market for dietary supplement companies is a changing landscape. Product liability rates have stabilized after falling for about seven straight years; some companies are even seeing rate increases. Coverage for DMAA has all but disappeared. Property insurance rates are rising after several years of steep decline, fueled in large part by shrinkage in the worldwide availability of insurance caused by loss payments and reserves for several catastrophe events—Superstorm Sandy being the most recent. Read More.


AERs: Insurance Implications
An increase in adverse event reports raises product liability insurance disclosure requirements for supplement companies. It was recently reported that the number of government mandated adverse events reports (AERs) connected to dietary supplements has risen for six consecutive years. AERs reflect hospitalizations, life-threatening illnesses, deaths and other serious adverse events that are connected to supplement consumption. Read More.


Cyber Liability Insurance
For years I have been advising clients to obtain additional insured (AI) status on their supplier’s product liability coverage. This adds another, separate layer of protection, in addition to the product liability insurance purchased in their own name. Conversely, offering AI status to a potential customer may be an additional reason for that company to do business with you. Read More.


Product Recall Insurance: Drilling Down on Coverage
For years I have been advising clients to obtain additional insured (AI) status on their supplier’s product liability coverage. This adds another, separate layer of protection, in addition to the product liability insurance purchased in their own name. Conversely, offering AI status to a potential customer may be an additional reason for that company to do business with you. Read More.