As the biotechnology and life sciences industry grows, so does its insurance risk. According to Jones Land LaSalle, Philadelphia ranks fifth in Biotechnology & Pharmaceutical clusters, while New Jersey & New York rank seven, showing growth of the industry. So, why must you worry about risk management? For one, most companies are considered high risk, making the process of obtaining coverage quite difficult on you. However, we are here. We want to understand your company, and cover the unique risks that may arise through your research and development.
KEH, as well as our markets, are specialized to find coverage for your risk, and want to insure you. Whether you are a medical device manufacturer/distributor, pharmaceutical company, nutraceutical company, or others, give us a call to review your company’s coverage.
The claim scenarios described here are offered solely to illustrate the types of situations that may result in claims. The precise coverage afforded by any insurer is subject to the terms and conditions of the policies as issued. Whether or to what extent a particular loss is covered depends on the facts and circumstances of the loss, the terms and conditions of the policy as issued and applicable law.