Register Now
Why register?
Login
 The leading web portal for pharmacy resources, news, education and careers July 28, 2017
Pharmacy Choice - Pharmaceutical News - AHPA and LifeScienceRisk Develop Prop 65 Insurance Coverage for the Dietary Supplement Industry - July 28, 2017

Pharmacy News Article

 4/12/17 - AHPA and LifeScienceRisk Develop Prop 65 Insurance Coverage for the Dietary Supplement Industry

SILVER SPRING, Md., April 10 The American Herbal Products Association issued the following news release:

The American Herbal Products Association (AHPA) and LifeScienceRisk (LSR) announced today a California Proposition 65 (Prop 65) coverage for the herbal product and dietary supplement industries. The insurance product developed by AHPA and LSR offers tailored coverage by a separate insurance policy that can be bundled with other LSR insurance coverages.

AHPA's comprehensive analytics on Prop 65 legal actions associated with herbal and dietary supplement products informs association members about recent trends and helps them maintain compliance. AHPA provided this data to LSR to help launch this innovative insurance coverage.

The standalone Prop 65 coverage includes six chemical elements that may be found in dietary supplements and herbal products. LSR provides a full-service platform for this inventive coverage, which includes client specific service, tailored coverage forms and collaborative risk assessment. The Prop 65 coverage was developed in collaboration with Lloyd's syndicates who represent AM Best Security of "A+XV" and is distributed through select retail and wholesale brokers who recognize their client's risk in this evolving space.

"AHPA members and the herbal and dietary supplement industries will benefit from this state-of-the-art insurance program and we appreciate LSR's work to develop and implement this program," said AHPA President Michael McGuffin. "This insurance is especially valuable considering the significant attention to Prop 65. However, this insurance will never be a substitute for AHPA members' ongoing commitment to quality."

Mark Wood, President of LifeScienceRisk, commented, "Today I am thrilled to introduce this essential coverage to the dietary supplement industry. The team at LSR, with the aid of the American Herbal Products Association (AHPA) and its President Michael McGuffin, conducted extensive research to understand, develop and create a specialty insurance solution to meet an expressed need for our clients in this space."

LSR worked with Lloyd's to introduce this new coverage to the marketplace with choice of limits and deductibles that can fit almost any budget. LSR has the underwriting experience and the resources to work with innovative start-up ventures to large, sophisticated companies with global operations.



Targeted News Service

Pharmacy News Index
  Drug Delivery Systems
  Drugstores
  FDA Final Approvals
  Front Page Healthcare News
  Generic Drugs
  Hospital Industry
  Internet Pharmacy
  IT in Healthcare
  Medicare & Medicaid
  Over-the-Counter Drugs
  Pharm Industry Trends and Policy
  Pharmaceutical Development
  Pharmaceutical Industry

LIVE ONLINE CE

Jul 31: Obesity Management: Overview of Pharmacotherapy
Aug 01: Treatment of Depression and Anxiety in Older Adults
Aug 02: Adverse Drug Events: Risk Reduction & Documentation
Aug 03: Medication Use During Pregnancy & Lactation
Aug 07: Using Barcodes to Improve Medication Safety: Considerations for Pharmacists & Technicians
Click for entire Webinar Calendar

Special Announcement

Free Membership
Enjoy Drug Search, industry newsletters and more...

Nursing Jobs
Are you a nurse looking for a job?

Check out the Nursing Job Source.

Your number one choice for nursing jobs.



Websites » RxCareerCenter.comRxSchool.comClubStaffing.comNursingJobSource.comRN.com
Copyright © 2017 Pharmacy Choice - All rights reserved.
Terms and Conditions | Privacy Statement
888-682-4415