What Is the Difference Between a Captive Agent and an Independent Broker?
World Insurance Network Quick Answer: A captive agent represents a single insurer and can offer only that company’s products. An independent broker is free to work across the market on your behalf. With access to over 95% of carriers in the United States, we can identify the insurer best suited to write your risk, on […]
How Does the Premium and Cost Recapture Program Work?
World Insurance Network Quick Answer: The Premium and Cost Recapture Program is a self-funded employee benefit plan built on Section 125 of the IRS tax code. Enrolled employees direct a portion of their pay into the plan before taxes are calculated. The result is a lower taxable wage base, higher net pay for your employees, […]
What Is a Coverage Gap Review, and What Does It Check?
World Insurance Network Quick Answer: A broker-led review of the insurance you already carry, measured against what your business actually does. It identifies what your existing policies leave unprotected, which exclusions reach your operations, and what your supply and purchase agreements already obligate you to carry. A coverage gap review measures the insurance you already […]
What Does Claims-Made Coverage Mean for a Peptide Policy?
World Insurance Network Quick Answer: The policy responds to claims first made during the policy period for injury that occurred on or after your retroactive date. Renewing without a gap preserves protection for product already sold. The program is written on a claims-made commercial general liability form built specifically for life science companies. Its coverage […]
Can You Get Insurance for a Med Spa Offering Peptide Services?
World Insurance Network Quick Answer: Yes. Med spas are a core eligible class via our programs. Adding peptides changes a med spa’s exposure in ways most aesthetic malpractice policies were never written to address, so the program pairs products liability with a separate peptide malpractice policy designed for the industry. A liability program built for […]
Who Is Liable When a Private-Label Peptide Causes Harm?
World Insurance Network Quick Answer: A private-label distributor sits at the center of the professional-use peptide channel. Product is made by the manufacturer, sold under the distributor’s brand, and resold by physician offices and med spas, which mark it up and provide it to patients through the medical channel under an NPI number. When a […]
What Does Peptide Manufacturer Insurance Cover?
World Insurance Network Quick Answer: A liability program built for U.S. companies that formulate and manufacture peptides from Active Pharmaceutical Ingredient (API), whether under their own label or as contract manufacturers producing to a client’s specifications, for supply to licensed physicians and legitimate research facilities. The program combines products liability, professional liability, and product withdrawal […]
Does Medical Malpractice Insurance Cover Peptides Sold by a Practice?
World Insurance Network Quick Answer: Usually not. Malpractice responds to bodily injury from negligent care or advice. A practice that buys peptides wholesale and sells them to patients becomes a seller in the product liability claims pipeline, with the same product claims exposure as any distributor. That exposure requires products liability, and advice on non-FDA-approved […]