Beazley launches NutraGuard, an innovative insurance solution for nutraceutical risks
21 April 2015 - 5:02PM
Beazley Group (BEZ.L), a leading insurer of healthcare professional
liability and miscellaneous medical risks, today announced the
launch of Beazley NutraGuard™, a nutraceutical focused insurance
product crafted to meet the nuances associated with this class of
risk. Beazley NutraGuard provides a dedicated insurance form
customized for nutraceutical manufacturers and distributors with
the flexibility to cover products liability, general liability,
errors and omissions (E &O), product recall expense, employee
benefits liability, cyber/privacy, and hired/non-owned auto
insurance. Coverage is available to companies active at all points
of the nutraceutical industry value chain, from ingredient
producers to product manufacturers to wholesale/retail
distributors. John Livatino, Beazley nutraceutical underwriter,
said: "With nearly two-thirds of Americans taking some type of
nutraceutical product, we saw a real need within the insurance
marketplace for a product form tailored to the precise needs of
this market. Beazley NutraGuard offers a solution that responds to
the wide variety of exposures that companies in this industry
confront." Evan Smith, miscellaneous medical underwriter and focus
group leader, said: "We see great opportunity in the nutraceutical
industry. Beazley NutraGuard offers our clients a unique policy
form that provides seamless coverage for the risks they face." With
underwriters in Chicago, San Francisco, Atlanta, Dallas and London,
Beazley's substantial and growing healthcare practice specializes
in hard to place risks that require technical underwriting acumen.
Our nutraceutical industry client list spans a wide range of
organizations ranging from producers of vitamins and minerals,
lifestyle supplements, sports nutrition, cosmetics, personal care
and energy products.
CONTACT: Sean Carroll
312-476-6221
sean.carroll@beazley.com
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