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Monitor Liability Managers

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Monitor Liability Managers is the managing general underwriter for Admiral Insurance Company and Carolina Casualty Insurance Company. As a part of the W.R. Berkley Corporation, Monitor has the size and financial strength to provide stability for life science companies.

Nonprofit Liability Insurance

Description
Since 1997, BIO has partnered with a leading provider of Nonprofit Liability Insurance: Monitor Liability Managers. Nonprofit Liability Insurance protects the assets of a nonprofit organization and its employees from expenses arising from legal claim and litigation expenses. Monitor's defense attorneys and experienced claims professionals are well-versed in the unique needs of the nonprofit sector for the biotechnology industry. BIO has partnered with Monitor to bring its Nonprofit Liability Insurance expertise to the BIO membership, while also offering exclusive member benefits.

Why Nonprofit Liability Insurance?

  • Execute risk management for your organization in order to reduce or eliminate wrongful acts and liability
  • Protects the insured entity, any directors, trustees, officers, employees volunteers, staff or committee members, including foreign equivalent positions and spousal coverage
  • Coverage includes full prior acts, duty to defend, leased and independent contractors and third party

Member Benefits:
>> 5% no-claims policy renewal credit
>> Prenegotiated, standard coverage terms for members
>> Very competitive premiums for nonprofits of all sizes
>> Retention waiver in the event of no liability

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 Nonprofit Liability Insurance program:

>> Alabama (BAA)
>> Arizona (AZBio)
>> California - Northern (BAYBIO)
>> California - San Diego (BIOCOM)
>> California - Pasadena (Entretech)
>> California - Los Angeles (SCBC)
>> Colorado (CBSA)
>> Florida (BioFlorida)
>> Georgia (GaBio)
>> Hawaii (HSTC)
>> Idaho (IBA)
>> Illinois (iBIO)
>> Indiana (IHIF)
>> Kansas (KansasBio)
>> Maine (BAM)
>> Maryland (TCM)
>> Massachusetts (MBC)
>> Michigan (MichBIO)
>> Minnesota (LifeScience Alley)
>> Missouri (MOBIO)
>> Montana (MBA)
>> New Jersey (BioNJ)
>> New Mexico (NMBBA)
>> North Carolina (NCBIO)
>> Ohio (BioOhio)
>> Oregon (OBA)
>> Rhode Island (BioGroup)
>> South Carolina (Palmetto)
>> Tennessee (TBA)
>> Texas (THBI)
>> Utah (UTC)
>> Virginia (VaBIO)
>> Washington (WBBA)
>> Wisconsin (BioForward)

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 can be found at www.monitorliability.com. To learn more about the BIO-Monitor Nonprofit Liability Insurance 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.

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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.





"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