Grifcon Enterprises ~ Product Recall Insurance

Grifcon Enterprises, Lincoln, Calif., noted it offers Products Recall & Contaminated Products Insurance. Products Recall Insurance coverage includes recall logistics expenses, consultant costs, defense costs and compensatory damages for covered events for a wide variety of consumer and manufacturers of dietary supplement products. Contaminated Products Insurance coverage includes recall expenses, business interruption costs, rehabilitation expenses, consultant costs and extortion costs for covered events from topical and ingestible products.

While in the past there have been concerns about high premium costs and lack of specificity to companies operating in the dietary supplement and nutraceutical industry, the coverage is now available that is specific to the dietary supplement industry and priced more affordably. Given concerns about adverse event reporting, implementation of GMPs (good manufacturing practices), concerns with class action suits and more, there is a greater need for protection via insurance in the dietary supplement industry.