Product Liability Insurance: Protecting Your Assets

Product liability insurance is designed to cover a company from potential losses associated with allegations of harm from the use of the company's products; however, the dietary supplement industry has other specific issues to address. Companies must also review various levels of coverage, as well as possible exclusions.

What are the deciding factors when industry execs purchase product liability insurance?
What risk management tools can help ensure a company is fully covered?
Other considerations such as Prop 65 and product recall insurance.

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About the Author

Heather Granato is an 19-year veteran of the natural products industry, currently serving as the group editorial director in VIRGO's Health & Nutrition Network; she has been a presenter at industry events including SupplySide, Natural Products Expo, the Natural Gourmet Show and MarketPlace She graduated magna cum laude from the University of Richmond, Va., in 1992 with a bachelor's degree in journalism.