Small Business Insurance Solutions for Life Sciences
As the life sciences marketplace continues to grow, CNA’s specialized underwriting team can provide tailored coverage solutions to address the specific needs of emerging and established companies.
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CNA Highlights
125+ Years of experience
7th Largest U.S. commercial insurer*
Financial Strength Ratings:
- A+ S&P
- A A.M. Best
- A2 Moody's
- A+ Fitch
*S&P Global Market Intelligence as of 4/5/2024
OUR APPETITE
- Medical Devices and Instruments: manufacturing, distributing and contract manufacturing
- Biotechnology: applied research, development and manufacture of human or animal diagnostic or therapeutic products
- Research and Development: drug and device research and development, including execution of human clinical trials
- Nutraceuticals: manufacturing and contract manufacturing, retail sale of dietary supplements purchased over the counter with limited or no FDA regulation
- Contract Research: organizations performing the research and development functions, such as clinical trials and FDA regulatory requirements on behalf of others
- Academic Institutions: institutions supporting research and development, site investigation and clinical trials
- Pharmaceuticals: manufacturing, distributing and contract manufacturing
Our innovative, proprietary CNA Connect® policy offers more than 300 optional coverage endorsements with deductible options, specialized coverage grants and a wide range of limit options for both property and general liability. Policyholders can benefit from our Gold Choice Endorsement which includes coverage for research and development property, Business Personal Property (BPP) at unnamed locations, bio-contamination, spoilage and laboratory animals included in BPP limit.
We provide protection to your client’s most valuable asset – their workforce.
This admitted and surplus lines offering optional features including, worldwide coverage, limits up to $10M, defense costs inside the limit where permissible, and a definition of Damage that encompasses as permitted by law punitive and exemplary damages governed by the most favorable law. Policyholders receive the automatic inclusion of mitigation expense class 1 recall and clinical trial medical expenses, a blanket additional insured and blanket clinical trial coverage.
One of CNA’s Risk Control solutions tailored to the Life Sciences industry, this program leverages advanced technology to monitor critical areas like cleanrooms, laboratories, and storage spaces for potential water damage, along with humidity and temperature watching.
Our Commercial Auto insurance provides coverage for bodily injury and property damage caused by owned, hired and non-owned vehicles used for business. In addition to our general auto coverages, we offer optional endorsements such as our Drive Other Car coverage for executive officers.
At CNA, we offer umbrella and excess liability insurance solutions that help businesses prepare for worst-case scenarios and respond to market needs. As one of the first domestic insurance carriers to offer an umbrella policy, CNA has more than 50 years of experience underwriting commercial umbrella and excess casualty insurance.