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.
Timothy Malloy teaches Environmental Aspects of Business Transactions, Regulatory Lawyering, Regulation of the Business Firm, Environmental Policy and Politics, and Contr…READ more