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Am I Eligible?

By entering your location and email address, we can determine if your company is eligible to participate in the BIO Business Solutions® cost - savings programs. If your company is eligible you will be directed to a page outlining the benefits available to you.

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Aon Risk Solutions

Executive Liability Insurance

BIO and Aon have teamed up to bring comprehensive coverage for Executive Liability and Cyber Insurance programs. Aon has undertaken an extensive request for proposal process to vet and select an elite group of insurers based on their ability to deliver distinctive value to life sciences clients. Through these programs, BIO members can access and benefit from expansive coverage of offerings, and competitive pricing utilizing broad Aon-negotiated policy language, along with a unique array of defined services, all designed to enhance program efficiency and effectiveness through these reputed insurance carriers.

Executive Liability Insurance Panel

The coverages offered by Aon under the BIO Executive Liability Insurance Panel include:

•  Directors and Officers Liability Insurance
•  Fiduciary Liability Insurance
•  Crime Liability Insurance
•  Employment Practices Liability Insurance
•  Kidnap and Ransom Liability Insurance
•  Expansive Claim coverage, including all forms of alternative dispute resolution and investigations to include express language for FDA proceedings and foreign equivalent
•  Coverage for Procedural Event Study Expenses subject to no Retention
•  Express coverage for Advisory Board members and Scientific Advisory Board members
•  Broadest coverage offering of Side A grants in Bermuda market

Cyber Panel for Network Security and Privacy Liability

The coverages offered by Aon under the BIO Cyber Panel for Network Security and Privacy Liability include:

•  Affirmative coverage for clinical trials data restoration 
•  Broad Business Interruption coverage contemplating supply chain contingencies in addition to IT infrastructure 
•  Business Interruption coverage to include interruption of operations due to an order from FDA or other similar regulatory body  
•  Period of Restoration expanded to 180 days 
•  Expansive Claim coverage, including all forms of alternative dispute resolution and investigations to include express language for FDA proceedings and foreign equivalent 
•  Access to Stroz Friedberg, Aon’s cyber risk consulting firm (additional engagement agreement and fees may apply)

Member Benefits 

Competitive Pricing

•  Members will benefit from multiple carriers competing for their business, without sacrificing coverages or enhancements.

Service Excellence 

•  Superior claims handling by experience attorneys and claims professionals with extensice life science experience
•  Managed by dedicated Life Science and Professional Risk Solutions team members within Aon industry
•  Industry-leading global resources, technical expertise and industry knowledge are delivered locally through more than 500 ofices in more than 120 countries

Eligible Biotech Associations

In addition to members of BIO, members of the following state and regional biotech associations can take advantage of this program: