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Professional & Management Liability Property & Casualty Accident & Health Surety Bonds Industry Solutions Claims Services Loss Control Solutions
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Why would a company need Customarq for Life Sciences? Consider the following scenarios: A research organization loses trial data collected and stored by them per their contract with the National Institutes of Health. Although government claims and proceedings are excluded in most Errors & Omissions forms, the Customarq for Life Sciences policy responds to a financial injury claim made by a governmental authority. A manufacturer of MRI equipment issues a notice concerning the failure of one model. A hospital owns two of the failed models and endures the lengthy repairs. While unable to use the MRI machines, the hospital decreases its patient load and refers patients to other hospitals. The hospital claims reduced revenue for the patients turned away. The Errors & Omissions policy in Customarq for Life Sciences responds to the financial injury claim made against the MRI manufacturer.
Chubb has a unique team of more than 150 underwriters, loss control specialists and claim professionals around the world dedicated to the life sciences industry. Together, they track converging technology, regulation, claim and litigation trends, as well as risk management and best practices. Not only do they share their findings with clients through consultative meetings, they frequently present at life sciences conferences and regularly publish articles in trade journals. Often imitated, never duplicated, Chubb’s reputation for service is built on a consistent track record of performance. Our loss control and risk consulting professionals identify potential hazards and help to mitigate or prevent loss. With our global network of Chubb claim adjusters, we can respond to a claim anywhere in the world. And should a loss occur, our exceptional claim service is available anytime/anywhere in more than 140 languages through a toll-free number or via the Internet. Our financial strength continues to earn high ratings from A.M. Best, Standard & Poor’s and Moody’s, leading evaluators of insurance companies. Financial strength, combined with our underwriting expertise and claim service, means you can count on Chubb to be there when you need us.
Insurance for Healthcare Product Service Organizations Insurance for Medical Device Companies Insurance for the Pharmaceutical Industry Life Sciences Errors & Omissions Features and Benefits For more about Chubb's Customarq for Life Sciences errors & omissions liability insurance protection, contact your insurance agent or broker, or write to
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