BIO Business Solutions®

Clinical Trials Liability Insurance
Errors and Omissions Liability Insurance
Products Liability Insurance
Professional Liability Insurance

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 Solutions® 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 JPaul Dixon of the Hylant Group, MichBio's preferred partner for business insurance, at 734-662-1368 or at jpaul.dixon@hylant.com.

General information about Chubb Group can be found at www.chubb.com.

General information about Hylant Group, MichBio's preferred broker for business insurance, can be found at www.hylant.com.

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.

Not a BIO member? You still may be eligible. View the list of participating state/regional biotech associations.

"The BIO Business Solutions program is very valuable to a company, especially now. Everybody is looking to save money in any way they can, and some ways are, frankly, quite painful. This one is a method that is not painful at all - in fact, it is easy. We pretty much do what we've always done; we're just paying less money for the same things. It's a win-win." Matt Pfeffer, Corporate Vice President and Chief Financial Officer, MannKind Corporation

Chubb Group

Clinical Trials Liability Insurance Errors and Omissions Liability Insurance Products Liability Insurance Professional Liability Insurance

Clinical Trials Liability Insurance
Errors and Omissions Liability Insurance
Products Liability Insurance
Professional Liability Insurance