WHITEHOUSE STATION, N.J.,
March 13, 2018 /PRNewswire/
-- Chubb has introduced insurance solutions to help protect
small life sciences companies from property and casualty exposures
facing the industry.
Chubb's deep underwriting expertise, industry leading claims
experience, and the Chubb Small Commercial MarketplaceSM
enables agents and brokers to better protect their clients from a
range of property and liability issues that can have an impact on
their business.
"Chubb has been a leader in the life sciences industry for more
than 25 years," said Jim Williamson, Division President, Small
Commercial Insurance, Chubb North
America. "Our experience shows that small life
sciences firms are vulnerable to a range of unique property and
liability exposures, including research and development costs,
product contamination and class action litigation. To address
these risks, Chubb Small Commercial Insurance has developed a broad
portfolio of comprehensive coverages specifically designed for
small life science firms."
Chubb offers a tailored suite of property and liability products
to small life sciences firms, including Chubb BOP (Business Owner's
Policy), which includes more than 100 property and liability
features and benefits beyond industry standard policies, workers'
compensation, commercial auto, Cyber Enterprise Risk Management
(ERM) Digitech® ERM, foreign package, umbrella, and management and
professional liability insurance protection.
Chubb's life sciences insurance solutions are specifically
designed to help small businesses in the areas of:
- Medical device, pharmaceutical, and biotechnology research and
development companies
- Medical device manufacturers and distributors
- Biotechnology and pharmaceutical manufacturers and
distributors
- Dietary supplement and nutraceutical manufacturers
- Contract research organizations
- Health technology and healthcare related software development
companies
"Chubb Small Commercial Insurance is focused on innovation for
independent agents. Our expansion into life sciences is another
step on our journey to changing how small business insurance gets
done in the independent agent channel," said
Williamson.
Additional information on Chubb Small Commercial Insurance
offerings can be found at chubb.com.
About Chubb
Chubb is the world's largest publicly
traded property and casualty insurance company, and the largest
commercial insurer in the United
States. With operations in 54 countries, Chubb provides
commercial and personal property and casualty insurance, personal
accident and supplemental health insurance, reinsurance and life
insurance to a diverse group of clients. As an underwriting
company, we assess, assume and manage risk with insight and
discipline. We service and pay our claims fairly and promptly.
The company is also defined by its extensive product and service
offerings, broad distribution capabilities, exceptional financial
strength and local operations globally. Parent company Chubb
Limited is listed on the New York Stock Exchange (NYSE: CB) and is
a component of the S&P 500 index. Chubb maintains
executive offices in Zurich, New
York, London and other locations, and employs
approximately 31,000 people worldwide. Additional information can
be found at: chubb.com.
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SOURCE Chubb