|
|
Clinical Trials Liability Insurance
|
|
Press Release 2006
Press Release 2002
Description
For more than 25 years, member insurers of the Chubb Group of Insurance Companies ("Chubb") have been providing cost-effective risk management and insurance protection tailored to the unique requirements of biotechnology companies. Chubb's insurance professionals specialize in the biotech market; they understand the issues and develop solutions for unique insurance needs. This experience and expertise, coupled with Chubb's financial strength and superior claims service, were the reasons BIO selected Chubb as its Clinical Trials Liability, Errors and Omissions Liability Insurance, Products Liability & Professional Liability Insurance partner.
The coverages offered by Chubb under the BIO program are:
 |
Clinical Trials and Product Liability: Coverage for commercialized products as well as products in all stages of human clinical trials. |
|
Errors and Omissions Liability Insurance: Coverage for financial loss to third parties arising out of negligence. |
|
Professional Liability: Coverage for companies conducting contract research. |
Member Benefits
Biotechnology Industry Organization (BIO) Member Benefit:
|
10% premium credit (subject to regulatory limitations) |
BIO and Endorsing State or Regional Association Member Benefits:
|
Very competitive premiums for companies at all stages |
|
Low minimum premiums for early stage companies |
|
Broad coverage tailored to meet the unique needs of the biotech industry |
Eligible Association Members
Many state/regional biotechnology associations have partnered with BIO to offer their members the benefits of the BIO BUSINESS SOLUTIONSsm program. In addition to BIO members, members of the biotech associations from the following states can take advantage of the BIO-Chubb Group Clinical Trials / Errors or Omissions / Products / Professional Liability insurance program:
More Information
More information about Chubb's capabilities in serving the Life Sciences industries can be found at www.chubb.com/businesses/cci/chubb1741.html.
To learn about specific details about the program, including coverages and premium rates, contact a Chubb appointed insurance agent or broker. You may also contact William Gallagher Associates, BIO's preferred broker for business insurance, at 888-4BIORISK (888-424-6747) or at bioinfo@wgains.com. Companies located in the western US can contact Woodruff-Sawyer & Co. at 415-391-2141. Or contact your local broker.
General information about Chubb Group can be found at www.chubb.com.
General information about William Gallagher Associates, BIO's preferred broker for business insurance, can be found at www.wgains.com. Specific information about the BIO-William Gallagher Associates business insurance program can be found at www.wgains.com/bio.htm.
© 2009 Biotechnology Industry Organization. All rights reserved.
contact us | terms of use | privacy policy
NEW PARTNERS
FreeMind Group: Assists with NIH and DOD funding opportunities. FreeMind specializes in raising funds from government agencies and other non-dilutive sources through grants and contracts.
NEW DEVELOPMENTS
Nature Publishing Group is offering a Pay-Per-View access option for NPG journals. Member companies can view and download individual articles published in any of the journals on the NPG platform.
Not a BIO member? You still may be eligible. View the list of participating state/regional biotech associations.
BIO  1201 Maryland Avenue, SW Suite 900 Washington, DC 20024-2149 888.246.1728 bbsinfo@bio.org |
| BIO Business Solutionssm so you can concentrate on the business of science, not the science of business |
|
Printer Friendly