There is a bio-boom happening in Massachusetts, especially in Cambridge. In fact, the Mass Biotechnology Council estimates that Massachusetts Biotech job opportunities have grown by 28 percent since 2007 and by almost five percent the last two years. With two of the universities that helped launch the field of Biogen, housed in Cambridge (MIT and Harvard), people interested in biomedical science from all over the world, flock there. The universities are responsible for grants and donations that further genetic research. Also, the Koch Institute for Integrative Cancer Research in Kendall Square, teams cancer biologists with doctors and engineers. Kendall Square is also home to centers for computer science research, brain science, and several drug companies that are researching treatments for cancer, diabetes and other medical conditions. The area definitely provides biotech business startups with the tools they need to thrive.
Starting a business is hard work, but in particular, launching a biotech startup business in Cambridge presents its own set of unique challenges. You need to protect yourself, your employees and your investment with the proper levels of biotech business insurance. Many startups at Seed stage feel that their business is too small to justify insurance or that it is too expensive for their current budget. However, every business has inherent risks that should be planned for and McSweeey & Ricci offers coverages that can be tailored to your unique business needs and budget. We represent numerous top-rated insurance companies, which gives you freedom of choice in your selection and competitive prices. In many cases, our biotech business insurance experts are able increase the amount of protection, and still save clients money.
Your Biotech Startup Business Insurance Program Can Include:
- Property, auto, general liability, & workers’ compensation
- Professional risk assessment
- Same-day issuance of insurance certificates
- In-house registry services
- 24/7 access to our dedicated claims department
Optional Enhanced Biotech Business Coverage Available:
- Cyber/Data Breach Liability
- Directors & Officers
- Commercial Crime Coverage
- Errors & Omissions
- Employment Practice Liability
- Key Person Life Insurance
The biotech startup business insurance experts at McSweeney & Ricci Insurance will prepare a custom insurance program specific to your business needs. We offer complete protection for your business in the present that will help grow your business in the future. For more information on bio-tech business insurance for your Cambridge, Massachusetts startup, contact McSweeney & Ricci at 844.501.1360 or send us a message.
