BIOBusinesSolutions | Chubb Group

Property and Casualty 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 Property and Casualty insurance partner.

The coverages offered by Chubb under the BIO program include:

	customized property insurance
	general liability insurance
	insurance for R&D operations, including business income
	highly protected risk (HPR) arrangements
	worldwide coverage territory
	"damage to your products" insurance
	crime insurance
	loss control and claim expertise
	boiler & machinery protection
	automobile insurance
	workers compensation
	excess and umbrella liability insurance
	disaster recovery and business continuation planning and advise

Member Benefits:

	Very competitive premiums for companies at all stages
	Low minimum premiums for early stage companies
	Dedicated loss control and claims specialists for BIO members
	Use of proprietary Chubb software for determining business interruption limits
	Devoted underwriting teams providing five-day turnaround for BIO members

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 Property and Casualty 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.

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

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