Berkley Life Sciences Introduces Admitted Commercial Lines Package

February 2, 2011

Berkley Life Sciences, LLC, an insurance underwriting company dedicated solely to the life sciences industry, has begun offering a full suite of commercial lines policies on an admitted basis.

The admitted policies will be underwritten on behalf of Berkley National Insurance Company and other W. R. Berkley Corporation member companies, all of which have A.M. Best Financial Strength Ratings of A+ (Superior). Berkley Life Sciences will continue to offer commercial general liability, products and clinical trial liability, professional liability and commercial excess through select retail and wholesale distribution channels on a non-admitted basis.

With the introduction of these new lines, Berkley Life Sciences now underwrites a complete array of standard admitted lines coverages that address the unique challenges of the life science industry. Coverages offered include commercial package, inland marine, automobile, worker’s compensation and umbrella.

These latest additions to the Berkley Life Sciences coverage portfolio afford agents and brokers access to specialized admitted policies. The policies offered address such issues as:

  • Perishable property
  • Research materials that can be challenging to value and recreate
  • Production operations that are highly susceptible to contamination
  • Financial exposures stemming from validation and compliance requirements

Source: Berkley Life Sciences

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