Product Liability Insurance Fuels Growth in the Dietary Supplement Industry

FOR IMMEDIATE RELEASE

Product Liability Insurance Fuels Growth in the Dietary Supplement Industry Columbia, SC, August 26, 2023 (USANews.com) - The U.S. dietary supplement sales have surpassed a whopping $41 billion. As this industry booms, manufacturers need to be prepared for potential pitfalls. Sadler Products Liability Insurance provides solutions and safeguards in the event of lawsuits or product recalls. "Despite the strides in the supplement industry, the risks of liability and product recalls remain. These issues can severely impact manufacturers and their partners," said Paul L. Owens, Risk Management Expert with Sadler. The source of many problems for the supplement industry is poor manufacturing and inspection practices. As a result, the FDA found that almost half of the dietary supplement companies inspected were non-compliant with manufacturing guidelines. "A worrying statistic is that around 25% of supplements contain unlisted ingredients. This discrepancy invites regulatory action from the FDA or litigation from customers, posing severe challenges for health supplement manufacturers or distributors," Owens said. Sadler Products Liability Insurance offers specially designed coverage to the dietary supplement industry. Insurance includes up to $5 million in liability limits on a primary basis and a variety of features offered specifically for dietary supplement firms.