BIOBusinesSolutions | Monitor Liability Managers

Directors and Officers Liability Insurance
Management Liability Insurance

Description
Since 1997, BIO has partnered with a leading provider of both Directors and Officers liability insurance (D&O) and Management Liability insurance: Monitor Liability Managers. D&O supplies directors and officers of publicly traded companies with protection they need, both personally and professionally. Management Liability insurance provides privately held companies with a convenient combination of D&O, Employment Practices Liability Insurance and Corporate Liability and Fiduciary Liability coverage. While Monitor provides coverage for a broad spectrum of industries, it has developed a strong focus on providing D&O and Management Liability to the biotechnology industry. Monitor also has a unique knowledge and willingness to transition insurance policies when private companies go public. BIO has partnered with Monitor to bring their D&O and Management Liability insurance expertise to the BIO membership, while also offering exclusive member benefits.

Why D&O Insurance?

Provides comprehensive coverage to a broad range of publicly held companies

Coverage for claims resulting from class action suits, M&A activity, divestiture activity, employees, customers, suppliers, competitors and regulatory agencies

Why Management Liability Insurance?

Protect your company's name, reputation and fiscal health if faced with an executive liability lawsuit

Over half of claims received by Monitor have been against the Directors and Officers or the Corporate Entity, including antitrust, breach of fiduciary duty, deceptive trade practices, unjust enrichment, fraud, misrepresentation, and securities violations

Member Benefits:

	7.5% no-claims policy renewal credit
	Prenegotiated, standard coverage terms for members
	Very competitive premiums for companies at all stages
	Low minimum premiums for early stage companies
	Loss control services, including the design of insider trading and corporate communication policies
	Significant experience underwriting both public and private biotech companies

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-Monitor D&O and Management Liability Insurance programs:

More Information
To learn about specific details about the program, including coverages and premium rates, contact your local 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.

General information about Monitor can be found at www.monitorliability.com. To learn more about the BIO-Monitor D&O and Management Liability program benefits Monitor offers to member companies, contact David Aller at Monitor at 1-800-446-2100, x502.

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.

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.

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.

"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

Monitor Liability Managers

Directors and Officers Liability Insurance Management Liability Insurance

Directors and Officers Liability Insurance
Management Liability Insurance