Worldwide Facilities Introduces New Carrier for Life Sciences Risks

March 24, 2011

Worldwide Facilities, Inc. has introduced a new cover for life science innovators.

The coverage provides protection for life sciences risks and can be tailored to protect companies ranging from those in the pre-clinical trial stage to those with $10 billion in revenue. Available products include: general liability, products liability, professional liability and excess. In addition, agents can also offer their life sciences clients auto, workers’ compensation, property and coverage for clinical trials, international exposure, medical monitoring expense and product withdrawal expense. Capacity is $15 million and higher, and the minimum premium is $5,000.

Eligible companies include biotech/biologic companies, biotech/pharmaceutical manufacturers, contract manufacturing organizations (CMO), contract sales organizations (CSO), contract research organizations (CRO), component manufacturers for medical products, cosmetic drug companies, dietary supplement companies, dietary supplement manufacturers & distributors, drug discovery technology, for profit & nonprofit research institutions & organizations, health informatics, hospitals conducting clinical trials, LS contract research organizations, LS contract manufacturers, life science product testing laboratories, medical & research software companies, medical centers, medical device manufacturers, medical device component manufacturers, medical food companies, medical product distributors, non-medical biotechnology, pharmaceutical/biotech companies, pharmaceutical companies and universities to name a few.

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