Employment Practices Liability Insurance
Description
Since 1997, BIO has partnered with the leading provider of Employment Practices Liability Insurance (EPL): Monitor Liability Managers. EPL is a claims-made policy designed to pay the loss of the entity, its directors and officers or employees, for defined wrongful employment acts. Monitor's employment practices product has been made available to provide coverage for a broad variety of employment-related risks. EPL has been designed to meet the needs of small to mid-sized companies.
BIO has partnered with Monitor to bring their EPL expertise to the BIO membership, while also offering exclusive member benefits.
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 |
 |
Third party employment practices liability coverage |
 |
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 EPL program:
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. Or contact your local broker.
General information about Monitor Liability Managers can be found at www.monitorliability.com. To learn more about the BIO-Monitor EPL program benefits Monitor offers to member companies, contact David Aller at Monitor at 1-800-446-2100, X 502.
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.
|
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.
|