Health, Nutrition, and Lifestyle Insurance – Nutraceutical Insurance

Get Nutraceutical Insurance today! Protect your Hemp/CBD, Vitamins, Extract, Oil and other business with our Health, Nutrition, and Lifestyle Insurance program!

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Allen Financial Insurance Group provides coverage to the Dietary Supplements industry while navigating the challenging regulatory environment of an industry exceeding $40 billion dollars in U.S. retail sales.

Supplements Example Photo for Health, Nutrition, and Lifestyle Insurance - Nutraceutical Insurance

Dietary Supplement Insurance, Vitamins, Cosmetics and more…

Nutraceuticals describe products derived from food sources that include extra health benefits, in addition to the nutritional value already found in foods. They are used to prevent illnesses, control existing symptoms and promote general health and well-being. The developers and manufacturers of nutraceuticals face numerous liability risks, including product contamination, bodily injury due to adverse reactions and lawsuits from dissatisfied customers. Allen Financial Insurance Group understands the competitive nutraceutical insurance market. We work with A.M. Best “A-“ or better-rated carriers to deliver comprehensive coverage for your clients.

What’s at Risk

Health, nutrition and lifestyle industry is a competitive one. It’s lucrative growth and low barriers to entry make it a competitive place for even the most unique of companies. With the fierce competition and ever-stricter regulations, one claim or incident without insurance could be permanently detrimental to a company’s business and operations.

Our Solution

We offer a unique approach to covering professionals in the health, nutrition and lifestyle industry because we know they can’t afford not to be protected from risk. Our Health, Nutrition and Lifestyle (HNL) Team is a national group of experienced professionals whose memberships in the National Products Association and the American Herbal Products Association keep them abreast of the industry news and trends that matter to our clients.

Health, Nutrition & Lifestyle Insurance Coverage Solutions

Policy form ISO CGL claims made general liability coverage
True worldwide coverage
Up to $5M primary limits with additional excess limits available
Products bodily injury coverage arising out of mold & silica
Limited ingredient restriction list
Additional insured coverage for vendors & tradeshow sponsors
Serious Adverse Events (SAE) schedule endorsement option (Bridges reporting and definition gaps)

Extended claims reporting period: up to 5 years
Government mandated recall coverage
Prop 65 coverage
Primary/non-contributory coverage
Cyber/data breach coverage
Additional insured coverage for managers or lessors of premises
Additional insured coverage for lessor of leased equipment
Waiver of Subrogation for vendors

Sample Classes

Vitamin and nutritional supplement manufacturers, importers, distributors and wholesalers have unique exposures due to the varying ingredients and use of the products. Third party bodily injury claims, judgements and defense costs can be financially devastating to a company. Having adequate general and product liability coverage is essential for those in this industry.

Our Nutraceutical Insurance program is customized to meet the unique needs of the Hemp and CBD Industry. AFIG is your Health, Nutrition, and Lifestyle Insurance solution.