Effective Immediately, Indie Business Network members with product liability insurance through IBN's program with Veracity Insurance Services have coverage to handmade hand sanitizer, so long as they are in compliance with FDA's Temporary Policy for Preparation of Certain Alcohol-Based Hand Sanitizer Products During the Public Health Emergency.
We are so excited to partner with Veracity to make it possible for more hand sanitizer to get into the hands of more Americans as we work together to confront and overcome COVID-19.
Here's what you need to know…
- You must be a member of the Indie Business Network to purchase this coverage through our collaboration with Veracity Insurance Services. If you are not a member of IBN, you can join here.
- You must follow FDA's Temporary Policy for Preparation of Certain Alcohol-Based Hand Sanitizer Products During the Public Health Emergency.
- Your hand sanitizer products must have a final product concentration of at least 60% alcohol and follow the formulation and product labeling as outlined in the temporary FDA guidelines.
- Your handmade hand sanitizer sales must not exceed $500,000 per year.
- If you do not have current coverage, you can get it by purchasing and renewing customers will be eligible for coverage but must answer additional screening questions to get the coverage.
- There is no additional cost to members for this coverage.
- The underwriter reserves the right to cease providing this coverage at any time, including if and when the FDA suspends the temporary guidelines. (Advance notice will be provided.)
How to Start Using This Coverage
Effective immediately, existing members with current product liability insurance coverage are covered for handmade hand sanitizer.
If the hand sanitizer you sell is not handmade by you, contact us for information on how to get a quote for coverage.
As long as you have coverage and are in compliance with FDA's Temporary Policy for Preparation of Certain Alcohol-Based Hand Sanitizer Products During the Public Health Emergency, your coverage for handmade hand sanitizer is current and active.
When you renew your policy, if you continue to make handmade hand sanitizer, and/or if you are a purchasing coverage for the first time and you make handmade hand sanitizer, you will need to answer a few questions in order to procure or renew the coverage. While the formal questions are still being ironed out, here is a basic idea of what those questions will be:
- Are your sales for hand sanitizer $500,000 or under per year?
- Did you make the hand sanitizer yourself, as opposed to private label?
- Is your hand sanitizer product at least 60% alcohol, either ethyl or isopropyl alcohol?
- Are you in compliance with FDA's Temporary Policy for Preparation of Certain Alcohol-Based Hand Sanitizer Products During the Public Health Emergency?
Review the FDA Guidelines
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