Chubb is the world’s largest publicly traded property and casualty insurance company

Operating in 54 locations across the globe, Chubb is the world’s largest publicly traded property and casualty insurance company, serving consumers and companies of all sizes with traditional and specialty insurance products and industry-leading claims and risk engineering services.

Chubb Life Science insurance offering includes bespoke unique packages, combined liability and mono-line products. For more information please see Chubb’s website:  https://www.chubb.com/uk-en/business/by-category-life-sciences.aspx

Chubb standard cover includes:

• Property i.e. buildings, tenants’ improvements, stock, computer equipment and machinery and development operations
• Research & development property i.e. cultures, lab books, trial samples
• Research & development expenditure i.e. monthly burn
• Research & development income i.e. milestone payments
• Committed costs to Product Development Operations and other support organisations
• Business interruption including income from contract research activities
• Public Liability
• Products & Services liability
• Human Clinical Trials
• Employer’s liability
• Errors & omissions liability

Chubb offers Bionow Members the following additional extensions at no extra charge:

• Change in Controlled Environments: Perishable Property - £100,000: All Other Property - £500,000
• Contamination/Radioactive Contamination - £100,000
• Condemnation of Undamaged Stock - £250,000
• Machinery Breakdown - £100,000.

The risk features of each Bionow Member applicant will be considered by Chubb as part of its underwriting process. Chubb reserves the right not to provide cover or to amend terms and conditions based on its underwriting criteria.