NutraAdvantage offers specialty liability coverage for natural and organic supplements manufacturers, wholesalers, distributors, multi-level marketers, importers and exporters of both raw and finished products.
The program is available on a non-admitted basis in all states and is underwritten by General Star Indemnity Company or General Star National Insurance Company. Both companies are currently rated A++ (Superior) by A.M.Best Company and to date carry an AA+ Insurance Financial Strength Rating from Standard & Poor's.
Tim Turner, President and CEO of RT Specialty says of the exclusive agreement, "We are extremely excited about our appointment as the exclusive administrator for this unique program. NutraAdvantage™ was originally launched by General Star in 2007. Recently, a number of critical enhancements have been added to the product. These enhancements provide the best available liability coverage, at the most affordable price for clients in the natural products and dietary supplement industry business."
Patricia Roberts, President and CEO of General Star Indemnity Insurance Company, adds, "Moving to an exclusive distribution and enhancing our program features is the latest evolution of a very successful General Star program. RT Specialty brings a seasoned team of nutraceutical specialists to the table, with a track record of expertise in this class and a keen sense for the needs of the herbal, botanical and vitamin industry. This combination of dedicated intermediary and extended benefits will add the right momentum to our program."
The NutraAdvantage™ program offers commercial general liability insurance as well as products liability, premises liability, vendors' legal liability, employee benefits liability and legal defense costs. The NutraAdvantage™ Plus Endorsement provides protection for a variety of additional insureds, including primary and non-contributory coverage for vendors. It also offers products recall expense, professional and errors and omissions (E&O) coverage and waiver of subrogation.
The program has been endorsed by some of the most prominent trade associations in the life sciences arena, including American Botanical Council (ABC), American Herbal Products (AHPA), United Natural Products Alliance (UNPA) and Natural Products Association (NPA).