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AON

 

Description

BIO Business Solutions® and Aon have teamed up to bring comprehensive coverage for Executive Liability Insurance programs. Through the BIO Executive Liability Protection Panel, iBIO members can access competitive pricing utilizing broad Aon- negotiated policy language. The insurers comprising the private and public panel are recognized leaders with a proven record of meeting the needs of life sciences companies. For a complimentary policy review and audit, contact Aon today. 

 

  


The coverages offered by Aon under the BIO program include:

•  Directors and Officers Liability Insurance 
•  Fiduciary Liability Insurance 
•  Crime Liability Insurance 
•  Employment Practices Liability Insurance 
•  Kidnap and Ransom Liability Insurance

Member Benefits

Competitive Pricing:

Members will benefit from multiple carriers competing for their business, without sacrificing coverages or enhancements.

 

Outstanding Coverage 

  • BIO has pre-negotiated state-of-the-art coverage enhancements specific for life science companies with expansive and unique wording for members. Examples of some coverages are as below.
  • Expansive Claim coverage, including all forms of alternative dispute resolution and investigations to include express language for FDA proceedings and foreign equivalent
  • Expansive Claim coverage, including all forms of alternative dispute resolution and investigations to include express language for FDA proceedings and foreign equivalent
  • Coverage for Procedural Event Study Expenses subject to no Retention
  • Express coverage for Advisory Board members and Scientific Advisory Board members
  • Broadest coverage offering of Side A grants in Bermuda market  

Service Excellence

  • Superior claims handling by experienced attorneys and claims professionals with extensive life science experience 
  • Managed by dedicated Life Sciences Group within Aon
  • Trend analysis and financial modeling capabilities with benchmarking specific to the life science industry
  • Industry-leading global resources, technical expertise and industry knowledge are delivered locally through more than 500 offices in more than 120 countries.

CONTACT

Kristin Kraeger, Esq
Managing Director
617.210.4945
Kristin.kraeger1@aon.com

James Walters
Managing Director
215.255.1795
james.walters@aon.com 

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