General Star Launches Nutraceutical Binding Authority Program

August 31, 2011

General Star has launched a delegated authority platform to distribute its NutraAdvantageproduct nationwide. Wholesale broker Worldwide Facilities, Inc., Los Angeles, Calif., has been appointed as the sole producer for this binding authority arrangement.

Created by General Star in November 2007, NutraAdvantage provides specialty liability coverage for the herbal, botanical and vitamin industry. It is available on a non-admitted basis in all states by General Star Indemnity Co. or General Star National Insurance Co. Both companies are rated A++ A.M. Best Co. and carry an AA+ Insurance Financial Strength Rating from Standard & Poor’s Corp.

The NutraAdvantage policy includes a hybrid coverage form consisting of claims-made products/completed operations combined with occurrence premises/operations. The NutraAdvantagePlus endorsement provides protection for six categories of additional insureds, including vendors. Product recall with a $50,000 sublimit is another distinctive aspect of this product, designed specifically for nutraceutical manufacturers and distributors. Capacity of up to $10,000,000 is available.

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