Marketing CBD-containing cosmetics in today’s hazy legal and regulatory environment carries risks beyond what insurance carriers may be willing to take on. Kenneth Hegel of Cosmetic Insurance Services, a division of brokerage firm Frenkel & Company – an Epic Company, discusses the dilemma facing underwriters and criteria companies can meet to improve their insurance prospects.
Companies looking to market cannabidiol-infused cosmetics – and to be covered for any liability issues that may arise – should check with their insurance carriers about hemp-related terms.
What they should not do is assume they are protected under existing policies, according to Kenneth Hegel, Jr., managing principal...