From speed of innovation to regulatory compliance to managing investor expectations, the life sciences industry is often faced with unique and complex exposures. Implementing an approach that combines effective risk transfer and mitigation is essential to creating a holistic risk-management solution. That’s why working with an insurance company that understands the unique business needs of the life sciences company is essential.
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Zurich Middle Market Life sciences fact sheet
Zurich Middle market fact sheet
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Zurich knows that understanding the specialized exposures of the life sciences industry is the foundation for developing an effective, holistic risk-management approach. That’s why we’ve built an underwriting team that includes professionals who have life sciences backgrounds. Combined with our financial strength,1 global reach, loss-control expertise and broad business appetite, Zurich can help provide the confidence you need to focus on achieving your business objectives.
Coverage is available for companies involved with the full range of FDA-regulated life science products and services, including:
Biological products
Medical devices
Pharmaceuticals
Research and development and Contract Research Organizations (CROs)
Not a market for
Zurich’s broad all-risk property form addresses many of the exposures life sciences companies face.
Auto coverage to protect against third-party liability and property damage for owned or non-owned sales fleets as well as hired car and non-owned exposures, domestically or overseas.
Coverage designed to help get employees back to work quickly and safely. Level and variable dividend options, loss-sensitive programs and flexible payroll reporting options available.
Additional liability protection with Zurich’s Umbrella form over the prem/ops GL and auto. True Coverage A “follow form” and limits up to $10 million.
Zurich Resilience Solutions
Utilizing a consultative approach, Zurich Resilience Solutions can help your clients better understand their exposures and mitigate their risks.
Property
Casualty
Self service
Having the right Claims professionals and programs in place to serve life sciences customers can help reduce total cost of risk and drive ongoing, sustained savings.
Service that excels
Flexible reporting options
Customer focused
References
1. Financial strength based on A.M. Best rating of A+/stable
2. ContactCenterWorld - Top Ranking Performers Awards Americas 2021: Ranked #1 for Best Contact Center.
3. Zurich claims data 2021.
Companies that may benefit from life sciences-related insurance include those that develop or sell:
The 2024 SAMA Excellence Award recognizes Zurich’s global customer relationship management as outstanding, not only in the insurance sector, but across industries. It’s the second win for Zurich.
Zurich North America’s Head of Large Casualty discusses industry challenges with commercial auto insurance and legal system abuse at Zywave Casualty Insights event.
International Side A policy gives multinational businesses more flexibility in managing D&O risks while helping ensure non-U.S. directors and officers have reliable, compliant coverage.
