Ons Small Step for Insurers: New Insurance Product for Nanomaterials

Someone has taken the leap in the insurance industry.  Financial.com reported today that Lexington Insurance Company is offering LexNanoShield, a product overing “liability coverage that provides protection for general liability, product liability, product pollution legal liability and product recall liability exposures.”  The coverage, on a claims made basis, is available to nano manufacturers and users.  Coverage for expenses incurred in a product recall is also available.  The product also includes modest legal, technical and on-site risk consulting support.  No word on the size of premiums.

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