New Life Science Package Program

sociusThe Life Science Package Product offers the following:

Coverage from Admitted or Non-admitted “A+” rated markets”

Inland Marine, General Liability, Commercial Automobile, Property Coverage, Umbrella, Workers’ Compensation, Package.

Life Science Facts

  • US is the largest market for pharmaceuticals
  • There are over 300,000 marketed OTC drug products
  • The pharmaceutical industry is worth US$300 billion a year
  • US firms conduct 80% of the world’s research & development in biotechnology
  • More than 50% of Americans use vitamins & supplements
  • Supplement sales hit $11.5 billion in USA in 2011
  • Biologics account for 25% of all new drugs in clinical trials
  • In 2010, US pharmaceutical sector employed 272,000 people
  • Pharmaceutical manufacturers spent $67.4 billion on research & development

Key Target Classes

Pharmaceuticals, OTC Pharmaceuticals, Contract Research Organizations, Clinical Trials, Medical Devices (Invasive and Non-Invasive) including Implantable Devices, Contract Manufacturers, Dietary Supplements, Clinical Trials.

In House Quoting

Limits up to $5MM, deductibles start at $10,000 – Available for firms up to $25MM in revenue, Up to 750 clinical trial participants.

For more information please contact Michael Morman at (847) 551-5132 mmorman@sociusinsurance.com

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