Life Sciences

This single GL policy creates a straightforward solution to common challenges by offering a dual trigger – an occurrence trigger for Premises/Operations and a claims-made trigger for Products/Completed Operations.

New definition of scientific animals expands beyond animals used for research and development to include breeding animals, production animals and animals whose by-products are used in the manufacturing process.

Valuation includes the R&D investment in the animals. Any Other Location and Newly Acquired Property coverage also extend to Scientific Animals.

This is a separate contract, not addressed in typical industry property policies, for loss or damage to Perishable Property resulting from changes in the controlled environment. It is not location specific; limits are provided at premises, Any Other Location, In Transit and for Newly Acquired Property.

This new option extends the occurrence period for one year, in contrast to typical options that extend only the reporting period. This fills a potential gap for products that may still be in the hands of consumers after a recall or ban and then result in delayed occurrence.

This separate property contract provides first-party property and business income insurance for a variety of contamination exposures, not added in the typical industry property policies. It is not location specific; limits are provided at premises, Any Other Location, In Transit and for Newly Acquired Property.