Life science policy detail
Chubb Commercial Insurance
From clinical trials and contamination, to property and liability; Chubb cover is tailored to meet the needs of each unique
company. On this page you will find a comprehensive list of all the options available to you as a Chubb life science customer.
Property damage
- Boiler explosion – full steam / water boiler explosion and domestic non-steam boilers
- Loss prevention expenses
- Property at unspecified locations
- Inadvertent omission
- Condemnation of undamaged property
- Full theft cover available
Business interruption
- Full business interruption cover following damage to electronic data
- Property at unspecified locations
- Suppliers of specified suppliers treated as unspecified suppliers
- Customers of specified customers treated as unspecified customers
- Cover for dependency on an internet service provider (ISP)
- Condemnation of undamaged property
- Inter group dependency
Research & development operations
- Loss prevention expenses
- Property at unspecified locations
- Suppliers of specified suppliers treated as unspecified suppliers
- Customers of specified customers treated as unspecified customers
- Cover for dependency on an internet service provider (ISP)
- Condemnation of undamaged property
- Inter group dependency
- Research & development property – loss limit 120%
- Research & development expenditure – monthly limit of indemnity relates to customer “monthly burn”
- Research & development income i.e milestone payments from collaboration agreements
- BI extensions designed to support research & development operations
Contamination incident and radioactive contamination
- Loss prevention expenses
- Condemnation of undamaged property
- Includes radioactive contamination
- Contamination of processing water
- Contaminant clean up (first party)
Change in controlled environment
- Change in dampness / dryness of atmosphere and change in temperature
- Loss prevention expenses
- Condemnation of undamaged property
- Flexible approach to property not subject to rapid decay
- Newly acquired perishable property
Impairment of computer services
- Cover for “insider” attack & “outsider” attack
- Electronic data recovery costs
- Resulting impact on the business including research & development operation
Money
Property in transit
- Road, rail or inland waterway
Contract works
- Joint interest clause
- Expediting costs
- Escalator clause
Machinery breakdown
- Loss prevention expenses
- Expediting costs
- Inadvertent betterment of diagnostic and laboratory equipment
Computer breakdown
- Expediting costs
- Incompatibility of computer systems records
UK terrorism
Public liability
Legal liability for:
- Bodily injury
- Property damage
- Nuisance
Product and service liability & clinical trials
Product liability
- Extended reported period automatically included. Extend to five years if required
- Includes liability for bodily injury or property damage if arising from a product or service provided
- Broad range of indemnity to others available
- Nuclear exclusion does not apply to medical devices
Clinical trials
- Agreed compensation (no fault) and legal liability cover
- Agreed compensation in a new, more flexible format
- Criminal Justice Act 1988 and Offices Against the Person Act 1861 defence costs provided
Employers’ liability
Products & service errors and omissions liability
- Extends to include liability for pure financial loss if arising from a product or service supplied.
- Contractual liability
You can choose the level of cover that is right for you
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