Dietary and nutritional supplements typically include a variety of ingredients that improve, replace or support customers’ daily nourishment.
Commercial General Liability Insurance for Nutritional Supplements
Commercial general liability (CGL) typically covers slip-and-fall accidents or other accidental damages that result in bodily damage or physical property damage. As a nutritional supplement company, this typically won’t be a hazard for you unless you own a storefront. What is important about a CGL policy is that it provides intellectual property coverage.
Seeing as the nutritional supplement market is extremely competitive, your competition may try ripping your brand off in a number of ways. File a CGL claim and pursue cases of trademark, patent and copyright infringement. CGL policies also offer legal fees coverage in case you find yourself being accused of intellectual property infringement or have to defend a claim. You can speak with your insurance provider about the specifics of your coverage to ensure your business stays prosperous and unique.
Product Liability Insurance for Nutritional Supplements
Dietary and nutritional supplements typically include a variety of ingredients that improve, replace or support customers’ daily nourishment. While you may have a great reputation, one accusation that your product harmed a customer or didn’t deliver what was promised can be costly in every single way. In any event, protecting yourself from damaging accusations and lawsuits is easy with product liability insurance.
Product liability insurance covers suppliers, manufactures, retailers and creators from lawsuit fees associated with defective products that cause damage to customers. Most of the time, damaging products are a result of manufacturing or packaging error. For example, if a customer purchases your product and finds a piece of metal in the container, they may sue you even though it was likely an honest mistake missed by quality control. With product liability insurance, lawsuits can be settled and you may even avoid some bad press.
There are additional types of coverage that your nutritional supplement business could be interested in. Speak with an isure insurance broker about your coverage options and adequately protect your business from every vulnerable dimension.
Product Liability Insurance
Dietary and nutritional supplements typically include a variety of ingredients that improve, replace or support customers’ daily nourishment. While you may have a great reputation, one accusation that your product harmed a customer or didn’t deliver what was promised can be costly in every single way. In any event, protecting yourself from damaging accusations and lawsuits is easy with product liability insurance.
Product liability insurance covers suppliers, manufactures, retailers and creators from lawsuit fees associated with defective products that cause damage to customers. Most of the time, damaging products are a result of manufacturing or packaging error. For example, if a customer purchases your product and finds a piece of metal in the container, they may sue you even though it was likely an honest mistake missed by quality control. With product liability insurance, lawsuits can be settled and you may even avoid some bad press.
There are additional types of coverage that your nutritional supplement business could be interested in. Speak with an isure insurance broker about your coverage options and adequately protect your business from every vulnerable dimension.