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Monitor Liability Managers

 

MonitorDirectors and Officers Liability Insurance
Management Liability Insurance
Employment Practices Liability Insurance
Nonprofit Liability Insurance

Description

Since 1997, BIO Business Solutions has partnered with Monitor Liability Managers, a leading provider of both Directors and Officers liability insurance (D&O), Management Liability insurance, Employment Practices Liability Insurance and Nonprofit Liability Insurance. D&O insurance supplies directors and officers of publicly traded companies with protection they need, both personally and professionally. Management Liability insurance provides privately held companies with a convenient combination of D&O, Employment Practices Liability Insurance and Corporate Liability and Fiduciary Liability coverage. While Monitor provides coverage for a broad spectrum of industries, it has developed a strong focus on providing D&O and Management Liability to the biotechnology industry. Monitor also has a unique knowledge and willingness to transition insurance policies when private companies go public. BIO has partnered with Monitor to bring their D&O and Management Liability insurance expertise to the BIO membership, while also offering exclusive member benefits.


Why D&O Insurance
?

  • Provides comprehensive coverage to a broad range of publicly held companies
  • Coverage for claims resulting from class action suits, M&A activity, divestiture activity, employees, customers, suppliers, competitors and regulatory agencies

Why Management Liability Insurance?

  • Protect your company's name, reputation and fiscal health if faced with an executive liability lawsuit
  • Over half of claims received by Monitor have been against the Directors and Officers or the Corporate Entity, including antitrust, breach of fiduciary duty, deceptive trade practices, unjust enrichment, fraud, misrepresentation and securities violations

Employment Practices Liability Insurance
Since 1997, BIO has partnered with the leading provider of Employment Practices Liability Insurance (EPL): Monitor Liability Managers. EPL is a claims-made policy designed to pay the loss of the entity, its directors and officers or employees, for defined wrongful employment acts. Monitor's employment practices product has been made available to provide coverage for a broad variety of employment-related risks. EPL has been designed to meet the needs of small to mid-sized companies. BIO has partnered with Monitor to bring their EPL expertise to the BIO membership, while also offering exclusive member benefits.


Nonprofit Liability Insurance

Since 1997, BIO has partnered with a leading provider of Nonprofit Liability Insurance: Monitor Liability Managers. Nonprofit Liability Insurance protects the assets of a nonprofit organization and its employees from expenses arising from legal claim and litigation expenses. Monitor's defense attorneys and experienced claims professionals are well-versed in the unique needs of the nonprofit sector for the biotechnology industry. BIO has partnered with Monitor to bring its Nonprofit Liability Insurance expertise to the BIO membership, while also offering exclusive member benefits.


Why Nonprofit Liability Insurance?

  • Execute risk management for your organization in order to reduce or eliminate wrongful acts and liability
  • Protects the insured entity, any directors, trustees, officers, employees volunteers, staff or committee members, including foreign equivalent positions and spousal coverage
  • Coverage includes full prior acts, duty to defend, leased and independent contractors and third party


Member Benefits

Directors & Officers Liability Insurance

  • Management Liability Insurance
  • Preferred pricing for claims free accounts
  • Prenegotiated, standard coverage terms for members
  • Very competitive premiums for companies at all stages
  • Low minimum premiums for early stage companies
  • Loss control services, including the design of insider trading and corporate communication policies
  • Significant experience underwriting both public and private biotech companies

Employment Practices Liability Insurance

  • Preferred pricing for claims free accounts
  • Prenegotiated, standard coverage terms for members
  • Very competitive premiums for companies at all stages
  • Low minimum premiums for early stage companies
  • Third party employment practices liability coverage
  • Significant experience underwriting both public and private biotech companies

Nonprofit Liability Insurance

  • Preferred pricing for claims free accounts
  • Prenegotiated, standard coverage terms for members
  • Very competitive premiums for companies at all stages
  • Retention waiver in the event of no liability


To learn about specific details about the program, including coverages and premium rates, contact a your local insurance agent or broker. You may also contact Kerry Barker at The Plexus Groupe, iBIO's preferred broker for business insurance, at 847.307.6155 or kbarker@plexusgroupe.com.


For general information about Monitor, visit monitorliability.com.


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