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A Breakthrough in Life Sciences Insurance - United Agencies Inc

A Breakthrough in Life Sciences Insurance - United Agencies Inc 2025

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The document is an application form for an Investment Advisers Errors and Omissions Insurance Policy provided by Chubb Group of Insurance Companies. It outlines the necessary information required from applicants, including general details about the firm, client information, past activities, and compliance with regulations. The policy is written on a claims-made basis, emphasizing that coverage applies only to claims made during the policy period. The document also includes provisions regarding defense costs and false information penalties.

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What does life science insurance cover?

It protects against legal claims arising from harm caused by medical devices, pharmaceuticals and other healthcare products.

What does life science cover?

The study of life sciences involves examining living organisms and their workings from cells to ecosystems. It includes various disciplines, such as biology, genetics, ecology and physiology to help us understand evolution and interactions between organisms and their environment.

What is a life science insurance policy?

Life sciences insurance we offer For life sciences companies, product liability insurance is essential. It protects against legal claims arising from harm caused by medical devices, pharmaceuticals and other healthcare products.

Whats the difference between healthcare and life science?

Life Sciences refers to the types of companies we looked at above - medical device companies, pharmaceutical companies and biotechnology companies. They make something. Healthcare refers to the companies that deliver the care to the patients - hospitals and clinics, but also insurance companies that pay for the care.

Who insures a bio lab?

BIO 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.