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Berkley Life Sciences Introduces LS Prime: A Revolutionary New Primary Liability Policy for the Life Science Industry
Date:6/26/2008

EWING, N.J., June 26 /PRNewswire/ -- Berkley Life Sciences, LLC, a member company of W. R. Berkley Corporation, today announced the introduction of LS Prime. LS Prime is a uniquely innovative primary liability policy designed to address the complex risks faced by life science companies of all sizes.

LS Prime features comprehensive, worldwide products liability, clinical trial, errors and omissions, and premises operations coverages. Included with this broad protection is an array of new features and enhancements not found in most existing life science policies:

-- Medical monitoring expense coverage even in the absence of physical injury;

-- Biological agents liability coverage including cleanup costs;

-- Coverage for materials and products in the care, custody or control of the insured;

-- Blanket clinical trial coverage including coverage for personal injury, abuse or molestation, and medical expenses;

-- 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.

"LS Prime was developed to provide broad, seamless protection to life science enterprises," advised Jill Wadlund, President of Berkley Life Sciences. "The policy is comprehensive, yet scalable, so that customers purchase only the coverages they need. But LS Prime is just the beginning. We are committed to continuously listening to the needs of our customers. And w
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SOURCE Berkley Life Sciences, LLC
Copyright©2008 PR Newswire.
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