Archive for June, 2015

The Dietary Supplements Industry is Booming

With revenues expected to exceed $30 billion dollars in U.S. retail sales in 2015, every year hundreds of new dietary supplements and related products come to market. Given this kind of volume, navigating the regulatory environment can be challenging.


The U.S. FDA has found violations of manufacturing rules in half of the nearly 450 dietary supplement firms it has inspected. An increasing number of regulatory agencies are demanding greater responsibility and self-governance from manufacturers regarding liability claims for:

  • adverse effects
  • wrongful death
  • product recall
  • unintended drug interactions
  • serious adverse event reporting
  • sensitive customer information data breaches

This is why UIG has pulled together an array of coverages with features crafted uniquely for businesses with these specific exposures. Our team of underwriting and claim management professionals, along with our A+ A.M. Best-rated partners, are here to service you throughout the life of your client’s policy.

Here’s what you can expect:

  • Insurance industry-recognized ISO General Liability Coverage language
    • Worldwide Product Liability
    • Claims-Made
  • Primary Limits up to $5,000,000 / Excess Limits up to $5,000,000
  • Custom Coverage for dietary supplement and related Health, Nutrition & Lifestyle businesses
  • Products Bodily Injury Coverage arising out of mold & silica
  • Product Recall Expense Coverage provided as an option
  • Limited ingredient restriction list
  • Additional Insured Coverage provided as options for vendors and trade show sponsors
  • Serious Adverse Event [SAE] Schedule Endorsement option which:
    • Bridges the definition gap between the FDA definition of an SAE and the policy definition of occurrence
    • Bridges the reporting gap between mandatory FDA reporting and the policy occurrence reporting condition
  • Option to include extended claims reporting period
  • Government Mandated Recall Coverage provided as an option
  • Network/Data Security Coverage provided as an option
    • Network Security/Unauthorized Access
    • Third Party Privacy (“Data Breach”) Liability
    • First Party Privacy Breach Expense, “pay on behalf of” basis

Sample Classes

  • Pro-Biotics
  • Bulk ingredient supplier
  • Skin cream
  • Fruit juice
  • Vitamins
  • Weight loss products
  • Herbals
  • Botanicals
  • Minerals
  • Enzymes
  • Extracts
  • Foods with additives
  • Fillers
  • Binding ingredients: whey & soy
  • Scented candles

For more information, drop us a line at Also, feel free to connect with us on LinkedIn and join our Young Agent’s Group.



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