Foa & Son has supported the Life Science Industry for generations, with specialized insurance and risk management solutions covering all phases: from analytical laboratories to clinical trials, manufacturing, and distribution.
Life Science Industries Insurance Solutions
In the challenging Life Sciences insurance landscape, where a single sentence can determine whether or not a claim gets paid, experience and expertise make all the difference. At Foa & Son, we have a combined 20 years of experience in our Life Sciences division, with niche expertise in critical coverages such as Product Withdrawal, Accidental Product Contamination, Product Recall, Malicious Tampering, 3rd Party Expense, indemnity, and many more.
Beyond our detailed knowledge of the coverages, our experts understand Life Sciences companies, their deliverables, and the challenges they face. It is what truly separates Foa & Son from our competitors. Through years of working with everyone from C-level executives to scientists to VC owners, we have gained a unique perspective on the Life Sciences sector, and we have the personnel to help you meet all of your risk-management challenges.
Exclusive articles relating to Life Sciences insurance
The past couple of decades have seen businesses turn increasingly to PEO’s (professional employer organizations) and staffing agencies to fill both permanent and short term labor needs. There are many advantages to using these types of services, but with their use comes an additional liability risk for the businesses using them.
It’s Spring, and right on schedule many areas face renewed risk of flood from snow melt and spring precipitation. Recent trends of more frequent, severe and unpredictable weather events can’t be denied, and smaller “nuisance” flood events are occurring coast to coast. Although each event is considerably smaller than the large-scale floods covered by the news, the frequency of their occurrence is much higher, creating a hefty financial impact on cities and their citizens.
Leases are always a potential source of insurance problems. When they are lacking even a small clause, such as a subrogation waiver, the client is left vulnerable to an allegation of responsibility or liability of a loss. Without careful attention by attorneys in the reviewal of leases, a tenant could be at risk for being pursued by the landlord’s insurance company for retribution.
The dangerous condition that cropped up in northern California in February at the Oroville Dam highlights a real issue for business owners and risk managers posed by the deteriorated condition of our nation’s infrastructure. Much of the nation’s roads, bridges, dams, ports and other vital areas have surpassed their intended lifetimes. A well written insurance program is necessary to anticipate the disasters that are inevitable due to the deteriorated infrastructure.
LIfe Science Industries Insurance Experts
Our experts have wide and varied backgrounds providing insurance solutions to the Life Sciences industry, from a former Life Sciences/Biotech Underwriter at some of the largest global insurance companies, to a former Director at a strategic, research-driven Life Science Agency dealing with the inner workings of public and privately held Contract Research and Manufacturing organizations.
Contact Foa & Son to find out how we can put our expertise to work for you.