EWING, N.J., June 26 Berkley Life Sciences, LLC, a membercompany of W. R. Berkley Corporation, today announced the introduction of LSPrime. LS Prime is a uniquely innovative primary liability policy designed toaddress the complex risks faced by life science companies of all sizes.
LS Prime features comprehensive, worldwide products liability, clinicaltrial, errors and omissions, and premises operations coverages. Included withthis broad protection is an array of new features and enhancements not foundin most existing life science policies:
-- Medical monitoring expense coverage even in the absence of physicalinjury;
-- Biological agents liability coverage including cleanup costs;
-- Coverage for materials and products in the care, custody or control ofthe insured;
-- Blanket clinical trial coverage including coverage for personal injury,abuse or molestation, and medical expenses;
"LS Prime was developed to provide broad, seamless protection to lifescience enterprises," advised Jill Wadlund, President of Berkley LifeSciences. "The policy is comprehensive, yet scalable, so that customerspurchase only the coverages they need. But LS Prime is just the beginning.We are committed to continuously listening to the needs of our customers. Andwe are equally committed to developing innovative, new insurance products andservices to address those needs."
LS Prime will be issued in 48 states through Gemini Insurance Company, andin Rhode Island and Delaware through Nautilus Insurance Company. Bothcompanies carry an A.M. Best Financial Strength Rating of A+ (Superior).
For additional information regarding Berkley Life Sciences or LS PrimeFeatures & Benefits, visit www.berkleyls.com or contact Emily Urban, SVP, at609.844.7800 or [email protected]
About Berkley Life Sciences, LLC
Berkley Life Sciences, LLC, a member company of W. R. Berkley Corporation,is solely dedicated to serving the needs of the life science industry,providing sophisticated, innovative insurance products and services to lifescience customers of all sizes.
About W. R. Berkley Corporation
Founded in 1967, W. R. Berkley Corporation is an insurance holding companythat is among the largest commercial lines writers in the United States andoperates in five segments of the property casualty insurance business:specialty insurance, regional property casualty insurance, alternativemarkets, reinsurance and international.-- Products withdrawal expense, including crisis management expenses; -- Affirmed punitive damages coverage where allowed by law; -- Blanket additional insured options to suit customer preferences; -- Various tail coverage features that are optional, including: -- Extended Coverage - extends coverage period and reporting period -- Batch Liability - batches losses to a particular policy period -- E-BERP - extends reporting period without the traditional back- end charge, and reduces some of the traditional reporting requirements.
SOURCE Berkley Life Sciences, LLC