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Differentiated Broking Solutions – Life Sciences DBS

The Life Sciences DBS provides pre-negotiated minimum coverage and services requirements, as well as minimum compensation requirements for new and renewable business.

WTW’s Differentiated Broking Solutions (DBS) brings things together our deep industry technical expertise as well as our extensive market relationships with property and casualty insurers to deliver unique solutions.

The Life Sciences Differentiated Broking Solution, developed by the WTW Life Sciences Practice, is a unique approach to the market that creates a sustainable competitive advantage and delivers industry-leading opportunity for the varied challenges and complex needs of the life sciences sector.

Overview

The Life Sciences DBS provides a compelling solution for our middle market clients and prospects with an expanded package/suite of coverage, in the following areas of risk:

  • Products and completed operations, including clinical trials
  • Professional liability and Errors & Omissions
  • Property
  • General liability
  • Automobile
  • Workers’ compensation
  • Umbrella

The Life Sciences DBS provides pre-negotiated minimum coverage and services requirements, as well as minimum compensation requirements for new and renewable business.

Coverage enhancements

  • Comprehensive offering available via pre-negotiated minimum coverage requirements
  • Products and professional liability
  • Deductible aggregates, confirmation of coverage for punitive damages where allowable, $10M in Products and E&O separate or shared aggregate limit, and sub-limits geared specifically toward life sciences exposures
  • Property – increased sublimits geared specifically toward life sciences exposures
  • General liability – enhanced coverage endorsements
  • Automobile – enhanced coverage endorsements
  • Umbrella – following life sciences carrier forms

Benefits

  • Comprehensive offering available via pre-negotiated minimum coverage requirements
  • The ability to efficiently place coverages on either a standalone basis, or in an expanded package/suite of coverage
  • Pre-approved carrier issued policy forms and endorsements
  • Firm minimum service requirements
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