华体会

Predict and prevent complex property claims

Take a deep look at these industry-specific risks and see how you can help your life sciences clients stay prepared and protected.

Cleanrooms
Climate-controlled areas
Biosafety laboratories
Vivarium
Yes

Unique property risks in life sciences

The complexities of insuring life sciences organizations go beyond products and professional liability. Many of these organizations face property risks unlike anything found in any other industry, especially those engaged with medical device manufacturing, pharmaceuticals, and companies engaged in research and development. These unique risks include:

 

Cleanrooms

Cleanrooms help control the concentration of airborne particles, and are classified based on the cleanliness level of the air inside the controlled environment. Cleanrooms are often present in medical device, pharmaceutical and biologics research and development and manufacturing operations.

 

What can happen?

Contamination is a big risk in this environment. It can originate from many places such as people working in a cleanroom, to the equipment, and materials used. Prevention of contamination is essential to the prevention of:

  • Injury or death to customers and workers
  • Product recall
  • Exposure to lawsuits and reputational damage
  • Cross-contaminating other products, whether within the cleanroom, in transit, or during handling at another facility or location

How organizations can reduce risks

  • Employee training on proper cleanroom procedures
  • Real-time air monitoring system
  • Real-time contaminate particle counting sensors, connected to a monitoring system that activates a stoppage sequence if a threshold for airborne particulates is crossed
  • Regular cleanroom maintenance
  • Established accident and emergency procedures

     

 

Climate-controlled areas

Climate controlled areas are used in pharmaceutical and biologics manufacturing, and by biotechnology and contract research firms to maintain the temperature of certain materials.

 

What can happen?

  • Loss of long-term research projects or highly valued products could impact the organization鈥檚 revenues or ability to reach critical research milestones.
  • When pharmaceuticals and biologics are stored out of range, there is a risk of loss of efficacy, patient harm and financial loss.

 

 

How organizations can reduce risks

 

Biosafety laboratories

Biosafety is the application of safety precautions that reduce a worker鈥檚 risk of exposure to a potentially infectious microbe and limit contamination of the work environment and, ultimately, the community.

 

What can happen?

Without proper protection, people and property can be exposed to:

  • Wastewater contamination
  • Cross-contamination
  • Transmission of biohazard agent or pathogen, which may result in illness or death to animals or humans

How organizations can reduce risks

  • Grant access to authorized employees only.
  • Physical security measures, including cameras, card readers, biometric scanners or keypads, and alarms
  • Ensure laboratory practices, safety equipment and facility construction comply with the CDC鈥檚 biosafety level guidelines.

 

Vivarium

A vivarium is an area, usually enclosed, which provides a controlled environment for keeping and raising animals.

 

What can happen?

  • An uncontrolled vivarium exposure can lead to animal bites, scratches and even more life-threatening injuries to workers.
  • A poorly controlled vivarium can result in the escape or loss of expensive research animals, a delay in research and the failure to reach critical targets.




     

How organizations can reduce risks

  • Grant access to authorized employees only.
  • Employees training on animal handling
  • Employees wear proper PPE.
  • Physical security measures, including cameras, card readers, biometric scanners or keypads, and alarm
  • Real-time environmental monitoring system of temperature, humidity and CO2
  • An established emergency response plan is in effect.
  • Compliance with good laboratory practice for non-clinical laboratory studies

 

Life-changing science. Game-changing coverage.

With , we offer property coverage designed to meet the unique needs of life sciences organizations, including:

  • Contamination and cleanup or removal
  • Equipment breakdown
  • FDA recertification
  • Scientific animals
  • Spoilage
  • Business income coverage:
    • Business income 鈥� new product to market delay
    • Business income 鈥� milestones
    • Business income and expenses 鈥� research and development
    • Contract cancellation

Additional coverage offerings for life sciences include:

 

Learn more about Hanover Life Sciences Advantage

 

Let's start a conversation today

We鈥檙e committed to partnering with you to help identify and develop risk mitigation programs for life sciences organizations. Our team can extend the expertise of your agency, working closely with customers to protect what is most important to them. Contact us today to learn more.
 

Dan Andrews
Vice President, Life Sciences Practice Leader
612-443-4956
dandrews@hanover.com

Felicia R. Burton
Life Sciences Director
704-409-1076
fburton@hanover.com

Becky Franklin, CSP
Technology, Life Sciences and Cyber Risk
972-978-7791
rfranklin@hanover.com

 

The recommendation(s), advice and contents of this material are provided for informational purposes only and do not purport to address every possible legal obligation, hazard, code violation, loss potential or exception to good practice. 华体会 Insurance Company and its affiliates and subsidiaries (鈥溁寤徕€�) specifically disclaim any warranty or representation that acceptance of any recommendations or advice contained herein will make any premises, property or operation safe or in compliance with any law or regulation. Under no circumstances should this material or your acceptance of any recommendations or advice contained herein be construed as establishing the existence or availability of any insurance coverage with 华体会. By providing this information to you, 华体会 does not assume (and specifically disclaims) any duty, undertaking or responsibility to you. The decision to accept or implement any recommendation(s) or advice contained in this material must be made by you.

All products are underwritten by 华体会 Insurance Company or one of its insurance company subsidiaries or affiliates (鈥溁寤徕€�). Coverage may not be available in all jurisdictions and is subject to the company underwriting guidelines and the issued policy. This material is provided for informational purposes only and does not provide any coverage. For more information about 华体会 visit our website at

No

Unique property risks in life sciences

The complexities of insuring life sciences organizations go beyond products and professional liability. Many of these organizations face property risks unlike anything found in any other industry, especially those engaged with medical device manufacturing, pharmaceuticals, and companies engaged in research and development. These unique risks include:

 

Cleanrooms

Cleanrooms help control the concentration of airborne particles, and are classified based on the cleanliness level of the air inside the controlled environment. Cleanrooms are often present in medical device, pharmaceutical and biologics research and development and manufacturing operations.

 

What can happen?

Contamination is a big risk in this environment. It can originate from many places such as people working in a cleanroom, to the equipment, and materials used. Prevention of contamination is essential to the prevention of:

  • Injury or death to customers and workers
  • Product recall
  • Exposure to lawsuits and reputational damage
  • Cross-contaminating other products, whether within the cleanroom, in transit, or during handling at another facility or location

How organizations can reduce risks

  • Employee training on proper cleanroom procedures
  • Real-time air monitoring system
  • Real-time contaminate particle counting sensors, connected to a monitoring system that activates a stoppage sequence if a threshold for airborne particulates is crossed
  • Regular cleanroom maintenance
  • Established accident and emergency procedures

     

 

Climate-controlled areas

Climate controlled areas are used in pharmaceutical and biologics manufacturing, and by biotechnology and contract research firms to maintain the temperature of certain materials.

 

What can happen?

  • Loss of long-term research projects or highly valued products could impact the organization鈥檚 revenues or ability to reach critical research milestones.
  • When pharmaceuticals and biologics are stored out of range, there is a risk of loss of efficacy, patient harm and financial loss.

 

 

How organizations can reduce risks

 

Biosafety laboratories

Biosafety is the application of safety precautions that reduce a worker鈥檚 risk of exposure to a potentially infectious microbe and limit contamination of the work environment and, ultimately, the community.

 

What can happen?

Without proper protection, people and property can be exposed to:

  • Wastewater contamination
  • Cross-contamination
  • Transmission of biohazard agent or pathogen, which may result in illness or death to animals or humans

How organizations can reduce risks

  • Grant access to authorized employees only.
  • Physical security measures, including cameras, card readers, biometric scanners or keypads, and alarms
  • Ensure laboratory practices, safety equipment and facility construction comply with the CDC鈥檚 biosafety level guidelines.

 

Vivarium

A vivarium is an area, usually enclosed, which provides a controlled environment for keeping and raising animals.

 

What can happen?

  • An uncontrolled vivarium exposure can lead to animal bites, scratches and even more life-threatening injuries to workers.
  • A poorly controlled vivarium can result in the escape or loss of expensive research animals, a delay in research and the failure to reach critical targets.




     

How organizations can reduce risks

  • Grant access to authorized employees only.
  • Employees training on animal handling
  • Employees wear proper PPE.
  • Physical security measures, including cameras, card readers, biometric scanners or keypads, and alarm
  • Real-time environmental monitoring system of temperature, humidity and CO2
  • An established emergency response plan is in effect.
  • Compliance with good laboratory practice for non-clinical laboratory studies

 

Life-changing science. Game-changing coverage.

With , we offer property coverage designed to meet the unique needs of life sciences organizations, including:

  • Contamination and cleanup or removal
  • Equipment breakdown
  • FDA recertification
  • Scientific animals
  • Spoilage
  • Business income coverage:
    • Business income 鈥� new product to market delay
    • Business income 鈥� milestones
    • Business income and expenses 鈥� research and development
    • Contract cancellation

Additional coverage offerings for life sciences include:

 

Learn more about Hanover Life Sciences Advantage

 

Let's start a conversation today

We鈥檙e committed to partnering with you to help identify and develop risk mitigation programs for life sciences organizations. Our team can extend the expertise of your agency, working closely with customers to protect what is most important to them. Contact us today to learn more.
 

Dan Andrews
Vice President, Life Sciences Practice Leader
612-443-4956
dandrews@hanover.com

Felicia R. Burton
Life Sciences Director
704-409-1076
fburton@hanover.com

Becky Franklin, CSP
Technology, Life Sciences and Cyber Risk
972-978-7791
rfranklin@hanover.com

 

The recommendation(s), advice and contents of this material are provided for informational purposes only and do not purport to address every possible legal obligation, hazard, code violation, loss potential or exception to good practice. 华体会 Insurance Company and its affiliates and subsidiaries (鈥溁寤徕€�) specifically disclaim any warranty or representation that acceptance of any recommendations or advice contained herein will make any premises, property or operation safe or in compliance with any law or regulation. Under no circumstances should this material or your acceptance of any recommendations or advice contained herein be construed as establishing the existence or availability of any insurance coverage with 华体会. By providing this information to you, 华体会 does not assume (and specifically disclaims) any duty, undertaking or responsibility to you. The decision to accept or implement any recommendation(s) or advice contained in this material must be made by you.

All products are underwritten by 华体会 Insurance Company or one of its insurance company subsidiaries or affiliates (鈥溁寤徕€�). Coverage may not be available in all jurisdictions and is subject to the company underwriting guidelines and the issued policy. This material is provided for informational purposes only and does not provide any coverage. For more information about 华体会 visit our website at