Marsh's Life Science Select™ - The Upside of Risk in Business and Research

Management at Life Sciences companies face many potential liabilities in the course of executing their business plans. Whether they are seeking funding from investors, contemplating mergers or joint ventures, working towards being awarded a patent or trying to win approval for a drug, management will make decisions that are critical to the success of their company. Perceived wrong decisions can result in personal liability for the directors or officers of such companies. Management can and should seek financial protection that goes beyond what is available to them from their corporate balance sheet.

Executive Protection

Clinical Trials & Product Liability

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Jim Loughlin (212) 345-6483

About Marsh's Life Science Select™

Marsh has developed a comprehensive executive protection product in conjunction with an industry-leading Directors and Officers Liability Insurance provider that can protect the management of Life Sciences Companies from the liabilities which arise during the normal course of business. The product is designed to provide direct coverage for the Company when indemnification is available, as well as coverage for the Individuals when corporate indemnification is unavailable. Coverage is state of the art.

If you are a Life Sciences Company that is privately owned and has products in the pre-clinical through phase II stages, you are eligible to take advantage of preferred terms, conditions and pricing negotiated by Marsh.

Policy highlights include:

Multi-Year options (up to 2 years)
Difference in Conditions Coverage (matches all coverage provided by an incumbent carrier)
Employment Practices Coverage
Non-rescindable coverage for the Individual Insureds
Automatic renewals for claims free policies

In order to provide you with the best protection available in the market Marsh has chosen to partner with an insurer that is highly rated and regarded as one of the top providers in the Directors and Officers Insurance field.

XL Insurance has the underwriting expertise and financial strength that is very difficult to match. XL is rated A+ XV by AM Best and A+ by Standard and Poors. For more information about XL Insurance please visit their website by clicking here.

In addition to Directors and Officers Liability, Marsh can assist you with a full suite of Exec Protect products including Pension Trust Liability, Fidelity, Kidnap & Ransom or Professional Liability (Errors & Omissions) coverages.