New Insurance Program for Supplements Industry Covers Prop 65 Claims
The ThinkRisk program is being offered by Grifcon Enterprises.
A new liability insurance program for dietary supplement companies addresses claims made under California Proposition 65. The ThinkRisk program is being offered by Grifcon Enterprises.
“AHPA worked very closely with ThinkRisk and Grifcon Enterprises on the Proposition 65 component of this program to develop a comprehensive and important offering of risk coverage that has not been previously available to dietary supplement companies,” stated American Herbal Products Association president Michael McGuffin.
“In light of the highly expensive litigation costs that we’ve seen for companies to respond to Proposition 65 claims-often exceeding $100,000 per settlement-this new V&S Program is a prudent form of protection,” he added.
The program also provides coverage for false-advertising and labeling claims, as well as media and intellectual property claims.
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