Specialist lines underwriting agency CFC Underwriting has added to its life sciences suite of products with a new insurance product designed specifically for nutraceutical businesses in the U.S.
Coverages include products liability, commercial general liability and cyber. Broad product recall cover can also be included, protecting against accidental contamination, malicious product tampering, cyber malicious product tampering, product extortion and government action.
CFC has also tailored the cyber cover in this new policy to address changes to the manufacturing infrastructure caused by a cyber attack, as well as offering defined cover for extortion to address the growing threat of ransomware and cyber crime.
This streamlined insurance product provides a products liability limit of up to $5 million and a general liability limit of up to $7 million. Premiums start at $2,500.
CFC Underwriting is a Lloyd’s MGA specializing in developing and distributing insurance products for niche markets.
Based in London, CFC has clients in over 60 countries and is backed by 32 Lloyd’s Syndicates.
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