What to do about Product Diversity

Posted: May 7, 2021

The diversity of products and product categories (oils, ingestibles, inhalants, and delivery devices) is driving an emerging litigation risk for the industry as a whole.

With the current lack of clear regulatory frameworks or guidance, this risk must be a significant consideration not only to a businesses’ risk management strategy, but to the overall market strategy.

The Viridis team assesses the size and scope of this risk to each particular client and applies the necessary insurance program, as well as continues to dialogue with clients to understand and anticipate how new directions in their product development will impact their overall exposures.

Two emerging examples in this risk area include specific liability related to delivery device coverage and health-related exclusions.