For more than 25 years, the Chubb Group of Insurance Companies has been providing cost-effective risk management and insurance protection tailored to the unique requirements of biotechnology companies.
Property and Casualty Coverage
- General liability insurance
- Insurance for R&D operations, including business income
- Highly protected risk (HPR) arrangements
- Worldwide coverage territory
- Competitive premiums for companies at all stages
- "Damage to your products" insurance
Clinical Trials Liability, Errors, and Omissions Liability, Products Liability, Professional Liability Coverage
- Commercialized products as well as products in all stages of human clinical trials
- Financial loss to third parties arising out of negligence
- Contract research
MichBio Member Benefits:
- Competitive premiums for companies at all stages
- Low minimum premiums for early-stage companies
- Broad coverage tailored to meet the unique needs of the biotech industry
- Dedicated loss control and claims specialists for MichBio members
- Use of proprietary software for determining business interruption limits
- Devoted underwriting teams providing five-day turnaround for MichBio members
