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Chubb Group

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Property and Casualty Insurance

Press Release 2006
Press Release 2002

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:

>> 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)
>> 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)
>> South Dakota
>> Tennessee (TBA)
>> Texas (THBI)
>> Utah (UTC)
>> Virginia (VaBIO)
>> Washington (WBBA)
>> Wisconsin (WBMA)

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

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© 2008 Biotechnology Industry Organization. All rights reserved.

NEW PARTNERS

Nature Publishing Group (NPG): Offers members discounts on site licenses for Nature, Nature Biotechnology, Nature Cell Biology

Windhover Information: Provides discounts on Windhover's life science publications (IN VIVO, Start-Up, The RPM Report, and MedTech Insight) and its Strategic Transactions Deals Database.

Location Management Services: Uncovers unknown corporate revenue through governmental incentive and tax credit identification, negotiation and compliance management services. No upfront fee for the service.

State/regional biotech associations: The newest biotech associations to partner with BIO to offer their members the national BIO BUSINESS SOLUTIONSsm contracts are:
Kentucky
South Dakota
Wisconsin

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38 biotech associations have partnered with BIO to offer their members the national BIO BUSINESS SOLUTIONSsm contracts. View the list.