Five Steps to Help Keep Liability in Check During Clinical Trials

December 7, 2016

“There is perhaps no riskier time in a product’s development cycle than during clinical trials. With the introduction of human research subjects, patient safety is paramount. Any failure to uphold rigorous standards not only leaves your company subject to the threat of costly litigation, it can cause irreparable damage to your reputation.” To continue reading,
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Risk on the Front Line: Tips for Managing Sales Force Liability

December 1, 2016

“Your sales force is one of your most important assets. On the front line, they’re your company’s connection to the medical community and an important source of both profits—and potential product liability. Developing appropriate policies regarding sales force liability exposures—and properly training and supervising representatives regarding these policies—can go a long way in reducing your
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Risk Management for Life Sciences Companies: The Complexity of Claims-Made Liability Coverage

October 7, 2016

“Life Sciences product liability claims can be particularly complex due to potential lag time in incidents of bodily injury or other losses occurring. This potential delay was the ultimate historical cause for the creation of claims-made coverage, the type of liability coverage afforded to Life Sciences organizations (versus the traditional occurrence-based coverage). Ironically, it is
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Why does a Life Sciences company need Product Recall Insurance?

September 15, 2016

“Life sciences companies face a myriad of unique exposures inherent to the industry, one of which is the potential for a costly recall of their products from the marketplace. A product recall may be necessitated for a number of reasons, and the insurance industry offers coverage that applies to some of the most common life
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Tom Crowley on building the right Commercial General Liability policy for your business

January 6, 2016

Commercial General Liability insurance policies may be among the most misunderstood protections offered by insurers. While CGL provides coverage no business will want to go without, these policies have exclusions buyers need to understand. Further, there are often exceptions to those exclusions. This is the reason one attorney dubbed CGL the “Russian nesting doll” of business
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Fiduciary Liability Insurance: Misunderstood and Under-Purchased

November 4, 2015

Business owners have certain obligations concerning the retirement programs that they set up for their employees.  The most urgent are those that are mandatory for compliance with state or federal regulations.   It is unfortunate, however, that protection of the business owners assets that are at risk when offering company retirement programs is often forgotten. The
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Is your business protected from stormwater runoff pollution claims?

September 30, 2015

When you think about heavy rains and severe weather, you typically think about flooding. While rising water levels are certainly the main risk of storms, there is another threat: pollution. Following heavy snow melt or steady rains, high levels of stormwater runoff can flow into rivers, ponds and lakes. This discharge is not treated for
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New Certificate Law in New York State

September 23, 2015

A Certificate of Insurance is a description of a businesses’ insurance coverage at a specific point in time. Certificates are needed when your company plans on doing business with another company. This document is not meant to change a policy in anyway and does not guarantee coverage. Certificates list coverage types, liability limits as well
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