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Products & Ingredients

Products Liability Insurance Guidance

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By: Sean Moloughney

Editor, Nutraceuticals World

The American Herbal Products Association (AHPA) has released an industry guidance on products liability insurance for manufacturers and distributors of dietary supplements. The document provides answers to some of the most commonly asked questions, such as: What insurance coverage is included in a basic products liability insurance policy, and what are the limits of coverage? What is the minimum premium cost for products liability insurance for a small company? Are product labels required to be submitted to obtain products liability insurance? Can insurance be obtained for products that contain excluded ingredients? AHPA also recently established the AHPA Products Liability Insurance Program in cooperation with Grifcon Enterprises, Inc., the program managers, and R-T Specialty LLC, an E&S insurance wholesale broker. For further information: www.ahpa.org

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