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.