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Insurance

Chubb Insurance - Bionow Preferred Insurance Provider

The Chubb Bionow insurance package policy is designed to meet the needs of Bionow Members, irrespective of size, stage of development or location.

If a Bionow Member takes out Chubb standard cover*, they will enjoy extended cover at no extra cost.

At Chubb, we offer more than just an insurance policy - we offer a capability. Our offering includes broad cover that grows as you grow as well as award-winning service, underwriting expertise, loss control, risk management techniques and most importantly financial security. When you are insured by Chubb you have peace of mind.

Chubb standard cover includes*:

  • Property i.e. buildings, tenants’ improvements, stock, computer equipment and machinery
  • Research & development operations
  • Research & development property i.e. cultures, lab books, trial samples
  • Research & development expenditure i.e. monthly burn
  • Research & development income i.e. milestone payments
  • Committed costs to PDO's and other support organisations
  • Business interruption including income from contract research activities
  • Impairment of computer services i.e. hacking, computer virus etc
  • Public and products liability
  • Human clinical trials
  • Employers' liability
  • Errors and omissions liability
  • Marine

Bionow Members will get, in addition to the above:

  • Change in Controlled Environments CICE: Perishable Property - £100,00: All Other Property - £500,000
  • Contamination/Radioactive Contamination - £100,000
  • Condemnation of Undamaged Stock - £250,000
  • Unspecified Suppliers - £100,000
  • Unspecified Customers - £100,000
  • Unspecified locations R&D Property - £100,000
  • Unspecified locations R&D Operations - £100,000
  • Machinery Breakdown - £100,000

*the risk features of each Bionow Member applicant will be underwritten by Chubb based on the Member’s individual exposures and Chubb reserves the right to amend terms and conditions based on its underwriting criteria.

C&C Insurance Brokers Limited – Bionow Preferred Insurance Brokers

C&C Insurance Brokers Limited are delighted to announce that as part of our ongoing commitment to the specific and specialist requirements of the biomedical sector we have formed an exciting partnership with Chubb Insurance Company of Europe SE to bring you a Life Sciences commercial insurance product which offers an exceptional policy with enhanced cover available to Bionow members as described above. C&C are a large, independent insurance intermediary with direct access to the world’s leading Life Science underwriters, including Chubb Insurance. We recognise that Biotech and Life Science companies require specialised insurance programmes and our expert advice can assist you in identifying, planning for and managing the risks your business faces.

We will undertake a free, no obligation review of all Bionow members current insurance programme and risk management procedures and then design a bespoke solution to fit your budget and requirements.

To access the Bionow members insurance scheme please contact Rob Black at C&C Insurance Brokers Ltd on 0161 406 4800 or Rob.Black@cc-insure.com

Please note: Bionow have a formal introducers agreement in place with C&C Insurance Brokers Ltd and are appointed representatives approved by the Financial Services Authority (309053). C&C Insurance Brokers Ltd will undertake a review of the individual insurance needs and subsequently complete an appraisal of each risk and approach the relevant open insurance market. Suitable risks can be placed with a preferred supplier product with Chubb Insurance.