E-business pioneer and entrepreneur Jim Zuffoletti has learned that the insurance needs of emerging businesses are often driven by clients' expectations.
"When you work with large companies, they expect your insurance coverage to be comparable to their own," says Zuffoletti, one of the founders of FreeMarkets Inc. and now president of OpenQ—a solutions provider for life-science companies. OpenQ's suite of tools allows pharmaceutical, biotech and medical-device companies to collaborate compliantly with customers, external consultants, researchers and other stakeholders.
OpenQ is contractually expected by some of these clients to cover $5 million of liability coverage. "It wasn't easy to find brokers," Zuffoletti says. "It took some doing and some creative work."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
