Berkley Life Sciences Introduces Admitted Commercial Lines Package, Automobile and Workers’ Compensation Policies

EWING, N.J.--(BUSINESS WIRE)--Berkley Life Sciences, LLC, an insurance underwriting company dedicated solely to the life sciences industry, today began offering a full suite of commercial lines policies on an admitted basis.

“From day one we have focused on building a staff of experienced underwriters who have a history of working with brokers and agents to develop multi-line insurance programs”

The admitted policies will be underwritten on behalf of Berkley National Insurance Company and other W. R. Berkley Corporation member companies, all of which have A.M. Best Financial Strength Ratings of A+ (Superior). Berkley Life Sciences will continue to offer commercial general liability, products and clinical trial liability, professional liability and commercial excess through select retail and wholesale distribution channels on a non-admitted basis.

With the introduction of these new lines, Berkley Life Sciences now underwrites a complete array of standard admitted lines coverages that address the unique challenges of the life science industry. Coverages offered include commercial package, inland marine, automobile, worker’s compensation and umbrella. Life Science companies can now look to Berkley Life Sciences as a one-stop-shopping option to address their critical insurance needs.

Designed with the same industry centric focus that led to the creation of the forward-thinking LS Prime^® liability coverages, these latest additions to the Berkley Life Sciences coverage portfolio afford agents and brokers access to specialized admitted policies. The policies offered address such issues as:

• Perishable property
• Research materials that can be challenging to value and recreate
• Production operations that are highly susceptible to contamination
• Financial exposures stemming from validation and compliance requirements

Life science firms – from start-up research entities to industry-leading manufacturers and service organizations – will benefit from Berkley Life Sciences’ comprehensive offerings and international capabilities, and the financial security of A+ admitted paper.

“From day one we have focused on building a staff of experienced underwriters who have a history of working with brokers and agents to develop multi-line insurance programs,” noted Jill Wadlund, president of Berkley Life Sciences. “Our business partners have expressed appreciation for our exclusive dedication to the life science industry and the depth of knowledge of our accomplished professionals. With this expansion we are now able to offer multi-line coverage and complementary claims and risk management services designed exclusively to address the full range of needs of our life science clients.”

For additional information regarding Berkley Life Sciences and its admitted policies please visit www.berkleyls.com or contact Emily Urban, at [e-mail].

About Berkley Life Sciences, LLC

Berkley Life Sciences, LLC, a member company of W. R. Berkley Corporation (www.wrberkley.com), is solely dedicated to serving the needs of the life science industry, providing sophisticated, innovative insurance products and services to life science customers of all sizes.