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Beazley launches NutraGuard, an innovative insurance solution for nutraceutical risks

CHICAGO, April 21, 2015 (GLOBE NEWSWIRE) -- Beazley Group (BEZ.L), a leading insurer of healthcare professional liability and miscellaneous medical risks, today announced the launch of Beazley NutraGuard™, a nutraceutical focused insurance product crafted to meet the nuances associated with this class of risk.

Beazley NutraGuard provides a dedicated insurance form customized for nutraceutical manufacturers and distributors with the flexibility to cover products liability, general liability, errors and omissions (E &O), product recall expense, employee benefits liability, cyber/privacy, and hired/non-owned auto insurance. Coverage is available to companies active at all points of the nutraceutical industry value chain, from ingredient producers to product manufacturers to wholesale/retail distributors.

John Livatino, Beazley nutraceutical underwriter, said: "With nearly two-thirds of Americans taking some type of nutraceutical product, we saw a real need within the insurance marketplace for a product form tailored to the precise needs of this market. Beazley NutraGuard offers a solution that responds to the wide variety of exposures that companies in this industry confront."

Evan Smith, miscellaneous medical underwriter and focus group leader, said: "We see great opportunity in the nutraceutical industry. Beazley NutraGuard offers our clients a unique policy form that provides seamless coverage for the risks they face."

With underwriters in Chicago, San Francisco, Atlanta, Dallas and London, Beazley's substantial and growing healthcare practice specializes in hard to place risks that require technical underwriting acumen. Our nutraceutical industry client list spans a wide range of organizations ranging from producers of vitamins and minerals, lifestyle supplements, sports nutrition, cosmetics, personal care and energy products.

CONTACT: Sean Carroll 312-476-6221 sean.carroll@beazley.com

Source:Beazley Group