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CHICAGO, Feb. 20, 2018 /PRNewswire/ --ÌýÃÛÌÒ´«Ã½ today announced that agents can now quote, bind and issue Products Liability coverage, including clinical trials coverage for new Life Sciences small business customers through ÃÛÌÒ´«Ã½ Central, the ÃÛÌÒ´«Ã½'s online secure agent portal. Products Liability joins the coverages already available on ÃÛÌÒ´«Ã½ Central, including ÃÛÌÒ´«Ã½ Connect®, Commercial Auto, Workers' Compensation and Umbrella.
The online Life Sciences Products Liability policy is available as an admitted form in 44 states. In addition, agents who quote, bind and issue Product Liability coverage for new Life Sciences customers will receive an enhanced new business commission.
"Speed to market is as important as robust coverage offerings for small business, especially when insuring Life Sciences companies. Not only will agents save time and earn increased commission when quoting and binding Life Sciences products liability insurance online, but they can also access other property and casualty coverages making it easier to provide a full coverage solution for their customers," says Ryann Elliott, Vice President, Life Sciences Underwriting, ÃÛÌÒ´«Ã½.
Through ÃÛÌÒ´«Ã½ Central, agents will have online access to ÃÛÌÒ´«Ã½'s recently expanded Products Liability appetite for small business Life Sciences customers, which includes — but is not limited toÌý — research & development firms, companies performing clinical trials, manufacturing firms, sold pharma/medical devices companies, contract research and manufacturing companies and nutraceutical product companies with revenues up to $10 million.
About ÃÛÌÒ´«Ã½
ÃÛÌÒ´«Ã½ is the eighth largest commercial insurer in the United States. ÃÛÌÒ´«Ã½ provides a broad range of standard and specialized property and casualty insurance products and services for businesses and professionals in the U.S., Canada, Europe and Asia, backed by 120 years of experience and more than $45 billion of assets. For more information about ÃÛÌÒ´«Ã½, visit our website at .
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CONTACT:
Brandon Davis, 312-822-5167 / 312-834-6091
Sarah Pang, 312-822-6394 / 312-607-5544
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