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CHUBB SPECIALIST PROFILE

Meet our Life Sciences Industry Practice Leader 

Lee Farrow
Lee Farrow
EVP, Life Sciences Industry Practice Leader

“We pride ourselves on being ready with products and solutions that meet the emerging needs of these companies as they pursue scientific breakthroughs.”

Is this the type of coverage you need?

Products & Services
Products & Services

Whatever your life sciences company focuses on, you can find the right insurance coverages to meet your requirements

Errors & omissions (E&O) insurance

In an increasingly litigious society, it’s critical to have insurance protection against liabilities impacting professionals, the services they provide, and their company’s financial reputation.

Property insurance

Supported by our exceptional risk engineering, claims services, and global capabilities, our dedicated underwriters tailor your property coverage to meet the unique needs of your business.

Workers compensation insurance

Companies of all sizes can get customized coverage with features like proactive managed care to speed return-to-work timeframes, fraud detection and prevention, and litigation and recovery management.

General liability insurance, including products completed operations

Extend your cover through our tailored products from our specialist underwriters and claims professionals, and our experienced risk engineers.

ADDITIONAL SERVICES
city buildings
ADDITIONAL SERVICES

Chubb helps keep you in the business of improving patients’ lives

We’re proactive, knowledgeable, and responsive to your needs. Our life sciences risk engineers identify exposures — from property to regulatory to perishable supplies — and suggest preemptive measures to minimize losses. For multinational companies, our cash flow structure solutions help simplify your global casualty programs.

If an incident occurs, our team of life sciences claims representatives has deep knowledge of the sector — including in litigation — to facilitate the best outcomes.

Why Chubb
Why Chubb

Leaders in life sciences insurance

Whatever your size, wherever you operate — locally or globally — we offer a broad range of life sciences insurance options, as well as significant limits. For more than 30 years, we've insured life sciences companies, and our industry-knowledgeable team of more than 100 underwriters, risk engineers, and claims professionals are dedicated to mitigating your unique and evolving exposures.

Partnership that’s personal

We work to understand your business and where you’re headed so we can be proactive about meeting your needs. Whether your business is big or small, we invest in getting to know you, your team, and your customers. The goal: to help you see ahead, be ahead, and stay ahead.

Creative problem-solving

Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always striving to help clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to helping solve your risk challenges.

Expertise and financial strength

Chubb has served clients and partnered with leading organizations for more than 200 years. Our longevity, expertise, and financial strength are the bedrock of our business. That’s why 95% of Fortune 1000 companies are Chubb insured.

FAQ
FAQ

Our package policies include contingent business income coverage that indemnifies your company in the event of a loss from a covered peril to property of third party suppliers that disrupts the supply chain. We will help you to evaluate your contingent business interruption limits needs carefully by providing a basic business income calculator. For larger, more complex organizations we can assign you a business income consultant to determine what you need.

Perishable property is often the most critical asset of a life sciences company, so we understand that any malfunction or loss of power to refrigerators or freezers, or any introduction of contaminants, can be devastating. Our property policy includes all-risk ‘change in controlled environment’ insurance for spoilage of perishable property at owned locations, and in transit. It also covers contamination from bacteria, mold, mildew, viruses, microorganisms, pathogens, radiation, or airborne microbes.

In addition, we take a proactive approach to risks of spoilage and contamination, helping clients develop loss control recommendations.

We can review clients' third party contracts from a risk management perspective to help the clients and their attorneys identify potential liability risks that may be presented. We can work with clients' insurance agents and brokers to help ensure they appreciate these risks as they advise their clients on applicable insurance solutions.

INSIGHTS & RESOURCES
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Deep expertise.

Chubb’s Life Sciences Industry Practice (LSIP) has been a market leader for over 25 years.