Insurance
Marsh Canada Ltd.
Serving over 450 life science clients in North America and over 100,000 members of various industry associations and memberships, BIOTECanada is pleased to recommend the insurance brokerage expertise of Marsh Canada Limited to its members.Your benefits:
- Access to BIOTECanada sponsored insurance products
- In order to purchase insurance, a licensed insurance broker or agent is required to help you manage the transaction. Marsh Canada Limited provides our members professional service and advice with specific expertise in your industry.
- Marsh’s Life Sciences Practice serves biotechnology, pharmaceuticals, drug wholesale, nutraceuticals, medical devices and supplies, and contract research organizations. They provide you the expertise and ability to support your needs in obtaining appropriate coverages to protect your business assets and the interests of important stakeholders.
Contact Marsh for a no-obligation quotation or to enquire about coverage.
Suzanne Liberman
National Life Science Practice Leader
E-mail: suzanne.a.liberman@marsh.com
Phone: 416-349-4381
Click here for more information and to apply for a no-obligation quotation.
Monitor Liability Managers LLC
Monitor Liability Managers, LLC has the privilege of serving as the preferred provider of Executive Liability Insurance protection for your industry through a direct affiliation with BIOTECanada, the trade association for the Canadian biotechnology industry, and the Biotechnology Industry Organization (BIO), the international biotechnology association.Monitor has extensive experience underwriting executive liability coverage for biotechnology companies. This insurance includes:
For publicly traded companies
• Directors and Officers (D&O)
• Employment Practices Liability (EPL)
For privately held companies and nonprofit entities
• Directors and Officers (D&O)
• Employment Practices Liability (EPL)
• Fiduciary coverage
The risk to your business is real and significant, including but not limited to:
• Antitrust violations
• Discrimination
• Breach of fiduciary duty
• Wrongful termination
• Securities fraud
• Harassment
• Unfair competition
• Retaliation
Member-only Advantages
Members of BIOTECanada and endorsing Canadian Accord organizations and Canadian members of BIO receive the following exclusive benefits:
• Pre-negotiated coverage terms
• Affordably priced premiums for companies at all stages
• 7.5 percent claim-free policy renewal credit
• Modified prior notice enhancement for clinical trials
• Definition of claim for Health Canada proceedings
• An additional $500,000 excess aggregate limit of liability protection dedicated to your individual directors and officers under your primary Monitor D&O insurance policy for a subsequent claim
The Monitor Difference
Monitor Liability Managers, LLC is a member company of the W. R. Berkley Corporation (NYSE: WRB) and issues policies through the Berkley Insurance Company. Both Monitor and Berkley Insurance are Berkley Corporation member companies. Monitor is committed to offering the best possible combination of service, price and products for the biotechnology industry.
W. R. Berkley Corporation
– Total assets of $16.1 billion
– Stockholders’ equity of $3 billion
Berkley Insurance Company
– A.M. Best Company rated: “A+” (Superior)
– Financial Size Category (FSC): XV
For information about Monitor visit www.monitorliability.com
Learn More Today
To learn specific details about the program, including coverages, premium rates and additional member-only benefits, contact your local insurance agent or Marsh, BIOTECanada’s preferred broker for business insurance.
Sound Insurance
GROUP HOME AND AUTO INSURANCE
Customized insurance solutions at preferred group rates
ING Novex Insurance Company, through Sound Insurance is offering a Group Home and Auto Insurance program to BIOTECanada members and their employees - A No-Cost benefit for employees of your organization.
Your benefits:
- Employees of member companies receive a discount of 13% off auto and 15% off home rates with ING Novex Insurance Company
- Voluntary benefit to the employees of your organization
- Client Service Guarantee: In an emergency situation, you will be put in contact with a claims representative within 30 minutes - or ING Novex will write you a cheque for the amount of your annual premium up to a maximum of $1000
- Novex Assistance: This is a unique coverage only available through the group and is automatically included with your policy at no extra charge. Home assistance (home policies only) - emergency baby-sitting, housekeeping and home care services
How it works:
Interested employees need only call the contact below for a no-obligation quote.
Contact:
For Ontario, call Sound Insurance Services
Tel: 416-498-6710 or 1-800-763-6546
Email: group@soundinsurance.ca
Outside Ontario, call ING Novex
Tel: 1-888 -776-6839
ING Novex is a member of ING, a global financial services organization that operates in over 50 countries around the world, with 115,000 employees. ING's global resources and local business networks provide policyholders with the benefits of financial stability and personalized service.
Sound Insurance Services Inc. is one of Canada's mid-size brokerage firms and is a well established and respected firm with a strong commitment to client satisfaction. www.soundinsurance.ca
