From cubicles to clean rooms, the life science industry works in a vast array of environments. Property is critical to life science operations. Berkley Life Sciences understands the dependence on such property and how the loss of or damage to such property will affect operations. LS Prime’s® property insurance is designed to address a wide spectrum of property and income loss scenarios.
- Changes in Environmental Controls to sensitive research and development property
- Protection against loss of scientific animals
- Challenging valuation and recreation of research and development property
- Scientific instruments and resulting equipment breakdown losses
- Clean rooms, biosafety labs, and high-tech manufacturing facilities
- Life science companies are increasingly exposed to political risk as they manufacture or distribute products or conduct research and development overseas. Political risk insurance for life science companies is essential coverage to address exposures, whether it is to protect the continuity of a clinical trial or to ensure that perishable products reach their destinations in time and intact
Our team is experienced in analyzing property exposures and the potential for loss of property, specifically for life sciences. Our claims and risk management teams are dedicated to ensuring a specialized approach for any loss caused by flood, fire, spoilage, or other factors.