{"id":824334,"date":"2025-03-11T09:13:18","date_gmt":"2025-03-11T13:13:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/"},"modified":"2025-03-11T09:13:18","modified_gmt":"2025-03-11T13:13:18","slug":"travelers-offers-new-product-liability-insurance-for-life-sciences-companies","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/","title":{"rendered":"Travelers Offers New Product Liability Insurance for Life Sciences Companies"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Travelers Offers New Product Liability Insurance for Life Sciences Companies<\/b><\/p>\n<p>HARTFORD, Conn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Travelers Companies, Inc. (NYSE: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.travelers.com%2F&amp;esheet=54222110&amp;newsitemid=20250310771853&amp;lan=en-US&amp;anchor=TRV&amp;index=1&amp;md5=258c2ee784a35d2f3eda2cac01360f3d\">TRV<\/a>) today introduced Travelers Synergy\u2120, a new customizable product liability coverage tailored to life sciences companies. The offering will help medical technology, pharmaceutical, biopharmaceutical and digital health companies with the costs of product-related claims.\n<\/p>\n<p>\n\u201cLife sciences companies are dedicated to improving health care through innovation, and having liability coverage that addresses their individual needs can give them the confidence to create new solutions and bring them to market,\u201d said Jennifer Ampulski, Life Sciences Practice Lead at Travelers. \u201c<i>Travelers Synergy<\/i> provides a menu of insurance options that protect against issues arising from the product at any point in its development life cycle, from research to distribution.\u201d\n<\/p>\n<p>\nIn addition to coverage for losses due to product- or work-related bodily injury or property damage, <i>Travelers Synergy<\/i> offers add-on coverages, including:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Errors and omissions liability<\/b><b>coverage <\/b>\u2013 Protects against financial loss caused by errors, omissions or negligent acts in connection with the company\u2019s products or work.\n<\/li>\n<li><b>Product recall expenses coverage <\/b>\u2013 Provides reimbursement for certain product recall expenses directly attributable to a Class I recall of medical or biotechnology products.\n<\/li>\n<li><b>Clinical trial medical expenses coverage <\/b>\u2013 Provides payment for medical expenses for bodily injury occurring during a clinical trial, regardless of fault.\n<\/li>\n<\/ul>\n<p>\nCustomers will have access to Travelers\u2019 industry-leading resources and support, including the Life Sciences Business Torts Claim team, a group of experienced Claim professionals who understand the intricacies of products liability and complex business disputes; specialized safety professionals; interactive risk management tools; and training services.\n<\/p>\n<p>\nTravelers has been insuring life sciences businesses for more than 40 years, covering a range of specialties, including manufacturers of brand name and generic drugs, biologics, biosimilars, pediatric drugs, cell and gene therapy solutions, and veterinary pharmaceuticals and nutraceuticals.\n<\/p>\n<p><i>Travelers Synergy<\/i> will be available in most states for policies effective on or after April 1, 2025. To learn more about <i>Travelers Synergy<\/i>, contact your insurance agent or broker, or visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.travelers.com%2Fbusiness-insurance%2Fproducts-services%2Fgeneral-liability%2Fsynergy&amp;esheet=54222110&amp;newsitemid=20250310771853&amp;lan=en-US&amp;anchor=Travelers.com&amp;index=2&amp;md5=10a1a8f245285f645c8096116d723526\">Travelers.com<\/a>.\n<\/p>\n<p><b>About Travelers<\/b><\/p>\n<p>\nThe Travelers Companies, Inc. (NYSE: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.travelers.com%2F&amp;esheet=54222110&amp;newsitemid=20250310771853&amp;lan=en-US&amp;anchor=TRV&amp;index=3&amp;md5=0815cbc6bd860c141c417047148e7887\">TRV<\/a>) is a leading provider of property casualty insurance for <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.travelers.com%2Fpersonal-insurance%2Fauto-insurance%2Findex.aspx&amp;esheet=54222110&amp;newsitemid=20250310771853&amp;lan=en-US&amp;anchor=auto&amp;index=4&amp;md5=3253abb90d9a2a329a0f1d5473e93982\">auto<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.travelers.com%2Fpersonal-insurance%2Fhome-insurance%2Findex.aspx&amp;esheet=54222110&amp;newsitemid=20250310771853&amp;lan=en-US&amp;anchor=home&amp;index=5&amp;md5=fd45a82a52bda02c5f72cdf314511e18\">home<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.travelers.com%2Fbusiness-insurance&amp;esheet=54222110&amp;newsitemid=20250310771853&amp;lan=en-US&amp;anchor=business&amp;index=6&amp;md5=fc6b86d0cba064c67e045cd949cefc63\">business<\/a>. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of more than $46 billion in 2024. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.travelers.com%2F&amp;esheet=54222110&amp;newsitemid=20250310771853&amp;lan=en-US&amp;anchor=Travelers.com&amp;index=7&amp;md5=91bb4ed906b3559a8cd7b479349ff7fc\">Travelers.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250310771853r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250310771853\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250310771853\/en\/<\/a><\/span><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Kate Thermansen, 860-954-1789<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ktherman@travelers.com\">ktherman@travelers.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Connecticut<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Health General Health Professional Services Pharmaceutical Health Technology Health Insurance Science Other Professional Services Biotechnology Insurance Finance Health Other Science<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250310771853\/en\/1076814\/3\/TravelersLogo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Travelers Offers New Product Liability Insurance for Life Sciences Companies HARTFORD, Conn.&#8211;(BUSINESS WIRE)&#8211; The Travelers Companies, Inc. (NYSE: TRV) today introduced Travelers Synergy\u2120, a new customizable product liability coverage tailored to life sciences companies. The offering will help medical technology, pharmaceutical, biopharmaceutical and digital health companies with the costs of product-related claims. \u201cLife sciences companies are dedicated to improving health care through innovation, and having liability coverage that addresses their individual needs can give them the confidence to create new solutions and bring them to market,\u201d said Jennifer Ampulski, Life Sciences Practice Lead at Travelers. \u201cTravelers Synergy provides a menu of insurance options that protect against issues arising from the product at any point in its development life cycle, from &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Travelers Offers New Product Liability Insurance for Life Sciences Companies&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-824334","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Travelers Offers New Product Liability Insurance for Life Sciences Companies - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Travelers Offers New Product Liability Insurance for Life Sciences Companies - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Travelers Offers New Product Liability Insurance for Life Sciences Companies HARTFORD, Conn.&#8211;(BUSINESS WIRE)&#8211; The Travelers Companies, Inc. (NYSE: TRV) today introduced Travelers Synergy\u2120, a new customizable product liability coverage tailored to life sciences companies. The offering will help medical technology, pharmaceutical, biopharmaceutical and digital health companies with the costs of product-related claims. \u201cLife sciences companies are dedicated to improving health care through innovation, and having liability coverage that addresses their individual needs can give them the confidence to create new solutions and bring them to market,\u201d said Jennifer Ampulski, Life Sciences Practice Lead at Travelers. \u201cTravelers Synergy provides a menu of insurance options that protect against issues arising from the product at any point in its development life cycle, from &hellip; Continue reading &quot;Travelers Offers New Product Liability Insurance for Life Sciences Companies&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-11T13:13:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250310771853r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Travelers Offers New Product Liability Insurance for Life Sciences Companies\",\"datePublished\":\"2025-03-11T13:13:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\\\/\"},\"wordCount\":441,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250310771853r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\\\/\",\"name\":\"Travelers Offers New Product Liability Insurance for Life Sciences Companies - 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(NYSE: TRV) today introduced Travelers Synergy\u2120, a new customizable product liability coverage tailored to life sciences companies. The offering will help medical technology, pharmaceutical, biopharmaceutical and digital health companies with the costs of product-related claims. \u201cLife sciences companies are dedicated to improving health care through innovation, and having liability coverage that addresses their individual needs can give them the confidence to create new solutions and bring them to market,\u201d said Jennifer Ampulski, Life Sciences Practice Lead at Travelers. \u201cTravelers Synergy provides a menu of insurance options that protect against issues arising from the product at any point in its development life cycle, from &hellip; Continue reading \"Travelers Offers New Product Liability Insurance for Life Sciences Companies\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-11T13:13:18+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250310771853r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Travelers Offers New Product Liability Insurance for Life Sciences Companies","datePublished":"2025-03-11T13:13:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/"},"wordCount":441,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250310771853r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-offers-new-product-liability-insurance-for-life-sciences-companies\/","name":"Travelers Offers New Product Liability Insurance for Life Sciences Companies - 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