With more than 35 years of experience in the life-science industry, Frenkel & Company’s market presence remains among the most comprehensive life-science insurance markets in the world. Our long term relationship with these reputable insurance carriers provides our clients with greater latitude to develop insurance strategies that meet their individual business needs.
Frenkel & Company understands the rapidly evolving nature of a life-science practice and we are adept at meeting these ever-changing insurance needs through the various stages of research, development, technology transfer, and commercialization. We place particular emphasis on factors unique to life science clients, including catastrophe exposure, loss due to potential product defect/failure, and insurance exposures related to clinical research trials. We help our life science client position to place their firm more attractively within the insurance marketplace by evaluating their loss experience, and then appropriately relating these factors to key insurance company professionals who understand your industry group. This makes it possible for our Life Sciences team to work behind the scenes to develop and maintain a client focused risk management strategy that is specific to each firm’s operations. We understand the premium time savings this offers companies focused on the continued development of life-changing and life-saving technologies.
Frenkel & Company’s service platform is unparalleled in the industry. In addition to the embedded value-added services available to every Frenkel & Company client, including our Claims and Engineering Divisions, we offer a service platform to our life sciences clients that goes well beyond the basics. Our customized deliverables include: contract review and analysis, insurance archaeology, premium allocation assessments, risk exposure analysis; review and analysis of policy aggregates, merger and acquisition support, and the development of crisis management strategies and services that are not offered competitive insurance brokers. These specialized services are significant to our clients focused on more effective review and analysis of policy aggregates review and analysis of policy aggregates manage operations.
Executive Vice President