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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 Solutions® 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)
>> Kentucky BioAlliance
>> Maine (BAM)
>> Maryland (TCM)
>> Massachusetts (MassBio)
>> Michigan (MichBIO)
>> Minnesota (LifeScience Alley)
>> Missouri (MOBIO)
>> Montana (MBA)
>> Nevada (NevBio)
>> New Jersey (BioNJ)
>> New Mexico (NMBBA)
>> North Carolina (NCBIO)
>> Ohio (BioOhio)
>> Oregon (OBA)
>> Rhode Island (BioGroup)
>> South Carolina (SC BIO)
>> South Dakota
>> Tennessee (TBA)
>> Texas (THBI, BioMed SA)
>> Utah (UTC)
>> Vermont (VBSA)
>> Virginia (VaBIO)
>> Washington (WBBA)
>> Wisconsin (BioForward)

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 Rob Long at Hausmann-Johnson Insurance, WBMA's preferred broker for business insurance, at 608-252-9610 or 800-729-4287 or at rob.long@hausmann-johnson.com.

General information about Chubb Group can be found at www.chubb.com.

General information about Hausmann-Johnson Insurance, WBMA's preferred broker for business insurance, can be found at http://www.hausmann-johnson.com/.

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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.

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