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Chubb Commercial Insurance
Chubb Insurance has decades of experience in the life science sector. We therefore understand the unique risks these companies
You may be unaware of how Chubb can help you mitigate these risks. Consider the following examples:
A biotechnology company's cell cultures, representing an accumulated investment of $1.7 million over 22 months, spoils after
a power outage cuts electricity to the facility and the back-up diesel generator fails. The company, who was on track to earn
a $1 million milestone payment for a sponsor, loses both the cell cultures and the opportunity to earn the milestone payment.
Change in controlled environment and research & development income provisions in Chubb’s policy respond by insuring the re-creation
of the cell cultures, as well as indemnifying the biotechnology company for the lost milestone payment.
A pharmaceutical company uses a contract manufacturer to produce its capsules. A custom soft-gel encapsulation machine suffers
a mechanical breakdown and requires extensive repairs. The repairs take six months, but the existing inventory lasts only
two months. Catastrophic loss is avoided because our dependent business premises protection responds to the business income
loss over the remaining four months.