TODAY’S PRODUCT LIABILITY ENVIRONMENT CALLS FOR SPECIALIZED PROTECTION DESIGNED TO FIT TODAY’S EXPOSURES.
Each day your business faces the possibility of claims due to issues such as adverse effects, wrongful death, product recall, unintended drug interactions, serious adverse event reporting, and sensitive customer information data breaches. At Venture Pacific Insurance Services, we understand the diverse needs of our clients. Our Health and Nutraceutical Division is pleased to offer an insurance policy that offers superior protection for your hard earned assets. We offer a policy that not only delivers protection against these exposures, but also provides you the following advantages:
- Breadth of Coverage. ISO General Liability coverage language that is industry known and respected
- Products Bodily Injury Liability for Mold or Silica
- Limited Restricted Ingredient List
- Competitive Pricing
- The strength of an A.M. Best A+ (XV) rated carrier with over 38 years’ experience providing products liability and claims expertise for Dietary Supplement and related Health, Nutrition and Lifestyle businesses
- Limits up to $10 Million
- Worldwide Product Liability
Insurance coverage is tailored to your needs, which allows you to purchase and pay only for the coverages you need and want at a price you can afford. The following options are available:
- Product Recall Expense Coverage and/or Government Mandated Recall Coverage
- Serious Adverse Event (SAE) Schedule Endorsement, which bridges the definition gap between the FDA definition of an SAE and the policy definition of an occurrence.
- Extended Claims Reporting Period
- Network Security/Unauthorized Access -Network Security/Unauthorized Access
- Third Party Privacy (Data Breach) liability, First Party Privacy Breach Expense “Pay on Behalf” basis (Including the carrier’s paid Third Party Breach Prevention and Support Services)