Life Sciences
Our underwriting team has a wealth of experience providing Life Sciences solutions for difficult-to-insure businesses.
With Aspera, you and your clients will receive a customized underwriting process to deliver competitive solutions fast.
In most cases, we can turn around a quote to you in one hour!
Target Life Sciences Classes
- Analytical cannabis laboratories
- Biologics
- CBD/Cannabidiol – topical products only
- Clinical trials
- Dietary supplements
- Durable medical equipment
- Health and beauty products
- Hemp, including dietary supplements
- Medical devices
- Pharmaceuticals
Available Coverage Enhancements
- Data breach
- Employee benefits
- Errors & omissions
- Hired & non-owned
- Primary & non-contributory AIs
- Product recall
- Waiver of subrogation
- Worldwide coverage
Policy Structure
Policies are written through a non-admitted carrier with a Financial Strength Rating of A (Excellent) by A.M. Best.
- Commercial General Liability, Products/Completed Operations Liability, or Professional Liability
- Claims-Made coverage form with Occurrence coverage available for certain risks
- Policy limits up to $10M available on Primary or Excess basis; follow-form excess capacity of $10M on both a supported and unsupported basis
- Defense normally written inside the limit, but may consider outside the limit based on the risk
- Automatic inclusion of landlords, trade events, and vendors as additional insureds
Availability
You can get Life Sciences coverage from us in these states:
- Alabama
- Arizona
- California [Lic. 0K86725]
- Colorado
- Florida
- Georgia
- Louisiana
- Maine
- Michigan
- Mississippi
- Nevada
- North Carolina
- Oregon
- South Carolina
- Texas
- Virginia
- Washington
Company Highlights
Here are a few services you can expect when working with us:
- Quick responses and quotes, often within 24 hours
- 12.5% commission on new and renewal commercial accounts
- 24-hour policy issuance
- Policies written through a non-admitted carrier with a financial strength rating of A (Excellent) by A.M. Best
Submission Requirements
- ACORD Commercial Insurance applications (125 and 126) with description of operations (signed by the insured when bound)
- Supplemental application, as appropriate (signed by the insured when bound)
- Five-year currently-valued company loss runs, with a description provided for losses over $25,000
- Copy of current declarations page
- Copy of all product labels
- Copy of all advertising literature
- Website information