Now, the "Go to Market Phase" starts and an exciting, but also challenging time is approaching. In addition to your key competence around your product, topics like compliance, international legal environment, employee benefits are on your agenda, and the recent pandemic demonstrated that issues around the supply chain must also be considered.
When disruptions occur with raw material or component suppliers, life science companies face production delays. Trade-offs in setting up the whole supply chain and production plants are topicals. Dealing with risks and de-risking your operations is teamwork and request an open mindset. Being supported by experienced external advisors lowers biases and increase in general risk awareness.
On another forefront, the International Legal Environment is crucial. To successfully sell life science products particularly in the US, but also in other countries around the globe, companies must clearly understand the various regulatory approval processes. They also need a good knowledge of legal issues that may result from inherent product hazards, customer use and possible misuse, and company business practices. Working on procurement and sales contracts, your liability should be reasonably limited. At Chubb and Kessler, our people are experienced to support you at this specific point during your negotiations.
Attracting the right talent is of utmost importance to the success of a business. Starting with the right benefit scheme helps you to secure your human resources. The development in the several labor laws application around the globe helps you to avoid long-lasting legal procedures.
Navigating in this fast-changing landscape, specific and experienced advice is key. This gives you the power to manage efficiently your risks and to find the best risk management solution providers who specialize in assessing the unique risks of the industry and develop targeted risk solutions.
Contact us in early stage and we can support you through the whole cycle.
Chubb & Kessler’s support to Bioalps
Kessler is the leading risk and insurance management specialist/consultant in Switzerland. It’s Life Sciences Team cooperates closely with Chubb as one of the leading risk solution providers of this sector, particularly in liability and property insurance. Working together, both teams resolve the challenges in risk management in the life sciences sector and provide the industry with innovative solutions.
Chubb is the world's largest publicly traded property and casualty insurance company. With own operations in 54 countries and territories and partners in more than 146 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. Chubb operates since 2003 in Switzerland. In 2008, the holding seat of Chubb Limited relocated to Zurich.
Chubb Insurance (Switzerland) Ltd, a subsidiary of Chubb Limited, currently employs 90 people, worldwide there are approximately 31’000 employees. Chubb Insurance (Switzerland) Ltd is domiciled in Zurich and has an AA rating from Standard & Poor’s. Tailor-made solutions in property, liability, transport, cyber and environmental insurance, financial lines and personal and accident insurance cover the needs of companies and organizations of all size.
Kessler is the leading Swiss enterprise specializing in comprehensive risk, insurance and pension benefits. Founded in 1915, Kessler has 300 employees working at its headquarters in Zurich and its other sites in Basel, Bern, Geneva, Lausanne, Lucerne, Neuchâtel, St. Gallen and Vaduz. We advise over 1,000 medium-sized and large Swiss companies from the service, trading and manufacturing industries, as well as the public sector.
We work closely with you to develop the principles of your risk and insurance policy, and on this basis develop tailored solutions for risk, insurance and pension benefits. We provide these services across all risk practices and associated insurance lines for companies in all sectors. You also benefit from legal advice on all insurance-related issues.
Life Science businesses operate in an evolving, complex and highly regulated industry where the cause of a future claim could be occurring right now but the company may not be aware of this for months or even years.
As a company expands, policies can adapt with flexible covers tailored to its needs and relevant to the risks faced. The diagram highlights some of the key covers that we offer at various stages of a company’s development process.