Market Updates

First Dietary Supplement Company Joins Platinum Liability Insurance Program

Supplement manufacturer Genysis Brand Solutions, Salt Lake City, UT, has become the first company to join the Platinum Program, a liability insurance program offered by Chicago-based wholesale insurance broker RY Specialty, in collaboration with the United Natural Products Alliance (UNPA).
 
The Platinum Program is being made available to companies, such as Genysis, based on four distinct best-practice principals:

  • Insurance risk management;
  • Dietary supplement industry organizational, regulatory, compliance and analytical standard operating procedures;
  • Extensive third party certification(s);
  • Oversight of social media and internet operations.
Over the past year, “RT Specialty and UNPA have consulted with industry and insurance thought leaders to define and deliver this innovative program designed to advance the quality of the dietary supplement industry, “ said Michael Garofalo, senior vice president, national life science practice, RT Specialty. 

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