Cost-Savings

BIO Business Solutions® has selected Chubb as its endorsed insurer due to their total insurance solutions for risks specific to life science companies. For more than 25 years, Chubb has been providing cost-effective risk management and insurance protection tailored to the unique needs of biotechnology companies. Chubb's products include property and casualty, product liability, clinical trial liability, errors and omissions liability, professional liability, and cyber liability insurance. Chubb personnel specialize in the biotech market; they understand the issues and develop tailored solutions.

Member Benefits:

Property and Casualty Insurance:

• Competitive premiums for companies at all stages
• Low minimum premiums for early stage companies
• Dedicated loss control and claims specialists for members
• Access to proprietary tools to assist in developing insurance values

Clinical Trials, Errors and Omissions, Product, and Professional Liability Cyber Insurance:

• 10% premium credit (subject to regulatory limitations)

Insurance and Services Offered by Chubb:

• product liability
• clinical trial liability, including issuance of global policies
• errors and omissions liability insurance (financial loss to third parties arising out of negligence)
• cyber liability
• general liability insurance
• environmental insurance
• property and business income insurance
• worldwide coverage territory
• machinery breakdown
• automobile insurance
• workers compensation
• excess and umbrella liability insurance
• crime insurance
• accident insurance
• business owners policy (BOP) for emerging life science companies
• life sciences industry-specific risk engineering and claims services
• disaster recovery and business continuation planning

See the Savings