Virginia Bio Welcomes Aon to BIO Business Solutions
Tuesday, June 30, 2015
Aon Risk Solutions, the global risk management business of Aon plc, has joined the BIO Business Solutions® program to offer comprehensive executive liability insurance coverage. BIO Business Solutions® is the largest cost savings purchasing program for the biotech industry.
Regardless of the organization’s size, location or status as a public or private company, the executive liabilities being faced are on the rise. Traditional risks such as directors and officers, employment practices, product liability and clinical trial risk have been joined by new threats such as privacy breach and cyber-crime. At the same time, increased regulation adds a new level of complexity and risk, especially for life sciences companies.
Through the BIO Executive Liability Protection Panel, Virginia Bio members can access expansive coverage at competitive prices, including directors’ and officers’ liability, fiduciary liability, crime liability, kidnap and ransom liability and employment practices liability insurance.
As the largest insurance broker and risk management advisor in the world, Aon uses its significant expertise and market strength to develop distinctive solutions that meet all executive liability needs.
BIO Business Solutions negotiates significant volume-based discounts, competitive terms, and other benefits on products and services with industry leading suppliers on behalf of its members and members of state and regional biotech associations. More than 2,800 companies saved more than $161 million last year, or approximately $57,500 on average.
The program offer includes a complimentary policy review and audit. Click here for more information and to access all of our Member Discount Programs.