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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

  • UK GAP cover

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