Coverage & Protection for the Unique Needs of Nutraceutical & Dietary Supplement Companies
You Protect Your Customers’ Health. Let Us Protect Yours
As more and more people seek healthier lives, the nutraceutical and dietary supplement is booming. But while you’re helping your customers feel better, it’s often the health of your business that is most at risk.
Not only is your industry both highly competitive and highly regulated, it also requires significant amounts of capital to start and maintain operations. Add a seemingly endless number of risks, and the potential costs to your business are potentially unlimited. If you’re not properly covered, you can be subject to significant damages that can threaten the viability of your company.
More Than Just a Standard Policy
At Navion, we understand the intricacies of the brewery operations, so we go far beyond what’s provided by standard policies. Our coverage includes protection against:
- Ingredients provided by an external supplier are contaminated and require recall of your product.
- A supplier shuts down unexpectedly, disrupting your supply chain and delaying product availability.
- Your company is sued when a customer alleges injury from the use of your product.
Get the Right Policy for Your Complex Business Needs
Unlike other insurances, we don’t just offer stock coverage. Instead, we thoroughly examine your business from top to bottom, identifying risks, potential liabilities and coverage gaps others miss. Then we answer any questions you have in order to simplify the process and to make sure the policy we write fits your needs.
Once quoted, you’ll receive a comprehensive yet easy-to-read insurance proposal including various payment methods available.
You Might Also Like...
You Might Also Like...
Summary This article is an overview of general liability insurance for companies selling private-label dietary supplements. A company or individual should always engage an insurance broker experienced in the Dietary Supplement industry to assist in insurance purchasing and risk management decisions. The following topics are discussed: Compliance with Good Manufacturing Practices General Liability for Dietary Supplement Companies Product Liability for Dietary Supplement Companies Coverage for Adverse Side Effects, Allergic Reactions, and Prescription Drug Interactions Coverage Limits for Dietary Supplement Companies Cost of Liability Insurance for Dietary Supplement Companies How Premium is