Singular Focus, Purpose-Built Solutions: Your Partner in Life Science Insurance
Berkley Life Sciences is solely dedicated to providing premiere insurance coverage for today’s top life sciences companies.
Life Science Insurance Protecting Tomorrow’s Innovations
Comprehensive. Customized. Multinational. We provide property and casualty insurance products and services tailored to life science businesses globally. Our approach is collaborative, with underwriting, in-house claims, and risk management working in tandem to provide a complete and specialized insurance solution.
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Berkley Life Sciences underwriters strategically partner with our agents and brokers on defined risk types so we can deliver appropriate solutions -- when other carriers might dismiss a risk because it doesn't "fit the box."
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All submissions are handled within Berkley Life Sciences' authority without the influence of a multi-industry home office team, resulting in a 52% hit ratio over the past 4 years.
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Berkley Life Sciences' collaborative underwriting approach includes swift access to an internal team of seasoned claims, legal and risk management professionals who work directly with agents and insureds to help find innovative solutions to even the most challenging account issues.
In-House Claims
From the start of the underwriting process, our in-house claims team is a true partner in your insurance experience. With extensive life science products liability claim and litigation expertise, our claims team collaborates with insureds, brokers, and our defense counsel to actively lead claims to just resolution.
The Power of Berkley
Berkley Life Sciences is one of the 55+ (re)insurance businesses worldwide that comprise the Berkley brand. Berkley is one of America’s largest commercial lines property casualty insurance providers, operating worldwide within two segments of the P&C insurance business: Insurance and Reinsurance & Monoline Excess. Each business offers expertise within an industry, product, or region.
Berkley Life Sciences is a member of W. R. Berkley Corporation, a Fortune 500 company listed on the New York Stock Exchange and is part of the S&P 500. W. R. Berkley Corporation’s insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong) by Standard & Poor’s.
Berkley’s competitive advantage lies in its long-term strategy of decentralized operations. This structure provides each Berkley business the agility of a small business—the ability to identify and respond quickly and effectively to changing market conditions and local customer needs. It provides our Berkley businesses with the strength and resources of a Fortune 500 organization as well as the financial accountability and incentives to attract and retain the highest-caliber professionals.
The Latest in Life Science
Mass Tort Settlements & Life Science Litigations
Mass tort and class action settlements totaled over $40 billion for the third year in a row. While this number is staggering, unlocking its history provides key considerations to dial back this billion-dollar settlement trend. Mass tort litigation has been a part of the American legal system for decades. Settlements have been the end of a long road of bellwether trials, ultimately resolving the litigation.
Probiotics in Live Biotherapeutics: Innovations and Hurdles
Probiotics are skyrocketing in popularity. While they are classified as dietary supplements, probiotics are often being marketed and used to treat symptoms and illnesses despite not having FDA approval, which can lead to safety concerns for consumers.
Navigating Liability Protections for Life Science Companies Under Blood and Tissue Shield Laws
Beginning in the 1960s, medical facilities, blood banks, and other public providers of blood products began seeing limited statutory protections arise in most states through what has become known as “blood shield laws.”