Product Liability Insurers Will Exclude DMAA From Coverage
- Author Greg Doherty
- Published October 8, 2012
- Word count 408
(Los Angeles, CA): More trouble for DMAA, the controversial ingredient in many pre-workout sports nutrition and weight loss products.
Greg Doherty, Practice Leader of the dietary supplement insurance division of Poms & Associates Insurance Brokers, Inc, today announced that two of the handful of companies offering product liability coverage to the dietary supplement industry will soon be adding DMAA to their respective "ingredient exclusion" list.
"I predicted this over a year ago, and now it’s happening" says Doherty. "There has been too much negative press lately on DMAA, and eventually it was bound to catch the eye of some of the insurance company underwriters. Two carriers will now exclude it, although one has hinted that they may offer coverage for products containing DMAA on a "carveback" basis, which means that based on the type of products being sold, the dosage of DMAA and the volume of DMAA sales as a percentage of overall sales, this carrier might offer DMAA coverage for an additional premium. The key word is ‘might.’ "
Doherty further noted that as ephedra alkoloids got more and more bad press, these "carvebacks" granting coverage were available, but eventually coverage was excluded altogether. Subsequently, the insurance companies paid out millions of dollars for ephedra claims, and they have not forgotten that fact.
"As of right now coverage is still available for DMAA products from other insurers, but my opinion is that the window is closing. It’s really the ephedra insurance coverage story all over again."
"Companies currently selling DMAA and want it to be covered in the future face a real dilemma," Doherty adds. "Because of the claims made nature of product liability policies for dietary supplement companies, the product you sell today will likely not produce a claim until some date in the future. If your future policy has a DMAA exclusion, and that claim rolls in, there won’t be coverage, even though the policy in your file today covers DMAA."
When it comes to an in-depth understanding of the dietary supplement industry, Greg Doherty is Poms & Associates’ mega-multi vitamin of knowledge, experience and reliability.
Just like you've heard the radio commercial say, "When banks compete you win." we say "When insurance companies compete for your business, you win." If you’re in the supplement industry, and want to be sure that your company has the best possible product liability insurance, and experience the personal service you deserve, call Greg directly at 818-449-9317
Greg M. Doherty is a commercial insurance broker based in Los Angeles. He is a specialist on the subject of DMAA exclusion. Doherty can be reached at (818) 449-9317 or gdoherty@pomsassoc.com Website: www.gregdoherty.net
Article source: https://art.xingliano.comRate article
Article comments
There are no posted comments.
Related articles
- Artisan Edit: The Timeless Allure of Vintage Carved Furniture
- A World Through Doors: Antique, French, Spanish, and Colonial-Influenced Indian Designs
- Bringing Nature Indoors: Feature Walls and Artisan Doors as Healing Elements
- TIMELINE FOR SALVATION
- One Design, Two Lives: The Continuity of Law from Earth to Heaven
- WORDS, THOUGHTS, AND THINGS
- Conquering the Cravings: The Silent Epidemic of Overeating.
- Planning Advice in Essex: What You Need to Know Before You Apply
- Drop the Fat Now.
- Homes for Sale in Cornersville, TN: Why Finding Treasure is so Much Fun!
- Nutritious Appetite Review 2025: Can Smoothie-Based Nutrition Really Deliver Sustainable Weight Loss Without Hunger?
- 36 Fat-Burning Potent Foods: The Science-Backed Secret to Natural Weight Loss.
- The Irresistible Rise of Homemade Chocolate Making: Why Every Kitchen Needs a Dedicated Chocolate & Cocoa Recipe Book in 2025.
- The Complete 2025 Guide to Perfect Loaves, Crusty Artisan Breads, and Irresistible Hot Breads.
- The Viral Advantage: Why Creating Viral Videos Is the Single Biggest Wealth-Building Opportunity in the 2025 Creator Economy.
- THE POWER OF COUNTING BLESSINGS
- THE REMOTE REVOLUTION: TEAM ROMINES ZERO TRAVEL HOME BUYING GUIDE
- Carved Door Headboards: Where Wellness Meets Wall Art
- Artistic Wall Paneling: Creating Your Private Yoga Sanctuary
- Decoding the Enigma: How “Understand Your Cat” Finally Lets Humans Speak Fluent Feline.
- Everything You Need to Know to Protect Your Dog’s Wellbeing and Extend Their Lifespan.
- Roots of Renewal: How Organic Gardening Restores the Earth and Nourishes Homegrown Abundance.
- Maximalist Holiday Magic: Embroidered Window Toppers, Jewel Tones & Vintage Doors
- Embrace Holistic Well-Being with Thoughtful Yoga & Meditation Essentials
- Effortless Holiday Resort Style: Boho Skirts and Handmade Treasures
- Cyber Monday Lash Shopping Guide: Build a Complete Holiday Eye Look with Soft Magnetic Lashes
- The Ultimate Black Friday Guide to Soft Magnetic Lashes
- Why Recurring Income Streams Are the Smartest Way to Build Real Wealth in 2025 and Beyond.
- Woodsy Retreat with Rustic Modern Farmhouse Carved Doors
- How To Train Your Staff For A Successful Fire Safety Inspection (A Guide For British Businesses)