You've put in a lot of effort to get your company to where it is now. It might help to keep it successful if you have the correct insurance coverage. Protect your life sciences company with insurance designed specifically for the hazards that your industry confronts.
We understand the problems that will shape the industry's future, and we can provide comprehensive insurance solutions for businesses of all sizes, backed by professional underwriting, risk engineering, and claims services.
Your Risks Are Real
When raw material or component suppliers experience disruptions, life sciences organizations might expect production delays and an inability to satisfy demand. The coronavirus epidemic attracted additional attention to weak supply chain links, as well as the associated risks and responsibilities. Businesses should completely evaluate a supplier's raw materials, production procedures, business practices, financial strength, and continuity plans before doing business with them.
Diverse legal and regulatory regimes in each country where they do business present a challenge to global life sciences enterprises. They undertake clinical trials in various nations to develop new pharmaceuticals and technologies, each with its own insurance laws and regulations for clinical trials and insurance requirements, which typically involve the purchase of insurance from a licensed insurer in that country.
With so many health sciences organizations adopting new technologies like mobile applications and internet-connected sensors due to competitiveness, the requirement to transport sensitive data often will skyrocket.
As a result of the COVID-19 pandemic, many life sciences companies are accelerating clinical trials and pharmaceutical production, using new technologies, and shifting their supplier mix; new or enlarged liability concerns are anticipated to emerge.
Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service, and competitive pricing to our clients has been earned and proven for over 25 years. We take great pride in finding you the best coverage and backing it up with prompt personal service. We have been serving the Dallas/Richardson, Texas area for over 25 years and have recently expanded to the Austin, Cedar Park, and Round Rock areas.
Whether you're dealing with chemicals or arranging research studies, you're probably exposed to a variety of risks on a regular basis. We understand that biotech and life science companies face particular problems, which is why we've developed insurance coverages to keep your company safe.
You may rely on our products, services, and financial strength throughout the life cycle of your organization, from start-ups with a single promising molecule to clients bringing several therapeutic targets through worldwide clinical trials.
Companies in the life sciences and biotechnology industries use sophisticated equipment and materials, which exposes you to hazards such as:
We can help with the following:
We represent, and have established a strategic alliance, with only the highest quality insurance carriers. In doing so, we can provide you with the service and protection to meet your dynamic needs. As your needs change, we can review and collaborate to decide which insurance company or companies are best suited to your situation.
Do you own or manage a restaurant? Then you know that it is a great deal of work, but it can be very rewarding as well. There are risks that come with restaurants, and insurance is a good method of transfer. Here are a few common restaurant insurance issues you may want to better understand:
The single most important insurance coverage your restaurant or bar needs is Liquor Liability. Liquor Liability will defend you against charges, losses, and claims resulting from your negligence arising out of serving or selling alcohol. If your operation were found liable you could lose hundreds of thousands of dollars.
If you serve a customer alcohol and they are involved in an accident, the injured party and the person to whom you served the alcohol can file a claim against your business for damages.
Liquor Liability Insurance is available, but not always included, under Commercial General Liability policies. In fact, most standard liability policies exclude Liquor Liability. Liquor Liability can be purchased as an endorsement to your Commercial General Liability policy. If you serve or sell alcohol at your restaurant, bar, tavern, we recommend you add this coverage.
Food poisoning does occur infrequently, and it is not limited to restaurants that have poor hygiene standards or obtain their foods and ingredients from less-than-reputable sources. Guests can become sick from not only the food itself, but also the preparation and cooking methods
Whether you are a large or small restaurant you know the employer – employee relationship has changed. In today’s world, employers can no longer assume all employment relationships will go smoothly. Finding a suitable Employment Practices Liability Insurance (EPLI) program has become one of the most important things owners and managers can do.
We have many more insurance products for restaurants and can create and deliver real solutions for you.
As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs. Whether you're a new business or a small business, we can help. Being an Independent Agent means we are not only your agent, but we are your insurance broker as well. We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote.