Protecting Perishable Property

By Chubb Insurance - Loss Control Services Team
Insurance for science and technology professionals

The Loss Control Services team at Chubb Insurance has compiled a general advisory article on how science-based companies can exercise good risk management in order to avoid the sometimes expensive consequences of malfunctions and power loss. It has been reproduced with the kind permission of Chubb Insurance Company of Europe.

A malfunction or loss of power to refrigerators or freezers can be devastating to biotechnology companies. Drug discovery companies as well as contract manufacturing or research organisations are no less immune from risk. Incidents arising from a change in controlled environment can be very costly.

A successful risk management programme integrates a planned approach to minimise the impact of losing critical cell lines or other sensitive property…

To read on, download the PDF version of the article here.

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