Business Insurance
View all articles

ABD Insurance & Financial Services Expands its Life Science Practice

SAN MATEO, Calif.(BUSINESS WIRE)ABD Insurance and Financial Services (ABD) announced today the addition of new insurance and technology offerings in their Life Science Practice: a Client Portal and Clinical Trial Pac coverage. Life science companies require an extraordinary range of expertise in insurance, primarily around product liability and clinical trials. We’ve built our practice to anticipate these needs, and to provide effective, proactive counsel and solutions along the way.

Using technology for good is one of ABDs core tenets. Our life sciences clients need real-time access to information that allows them to manage insurance and risk management functions within their organizations with ease and efficiency.

Our Client Portal helps them accomplish this, creating a single source of information across all lines of business in a secure, cloud-based platform. The portal can be accessed on any browser or operating system, and gives clients the ability to store, share, upload, and download documents – no matter where they are. The portal also provides access to worldwide clinical trials information and quotes, claim updates, insurance certificates and auto ID cards, and policy specifics.

The Client Portal includes ABD’s proprietary Clinical Trial Insurance Platform, and is available 24/7 from anywhere in the world. The landing page dashboard shows snapshots of recent country-specific insurance updates, among other features. Clients can review country-specific insurance requirements by clicking on an interactive country map by region.

“We’re making it easier for our life science clients to find important information fast,” says Cristina Varner, ABD’s Life Science Practice Leader. “We know time is of the essence, which is why we are always looking for innovations that make a real, tangible difference.”

ABD’s second offering, Clinical Trial Pac coverage, is a proprietary clinical trial solution that affords clinical trial stage companies a comprehensive Product Liability/Clinical Trials insurance program. This program includes a suite of newly agreed upon endorsements, and differs from more traditional insurance programs in that it offers several important coverage grants not currently available to clinical stage companies. This Clinical Trial Pac coverage is priced competitively, and delivers a superior insurance product designed to protect life science companies’ key area of exposure – their clinical trials.

“Clinical trials are the number one area of focus for many life science companies today,” says Rod Sockolov, ABD Executive Vice President. “Our new coverage option will allow our clients to sleep better at night, knowing that their unique risks and exposures have been considered.”

With these new offerings, ABD continues to push the envelope on technology innovations and deliver thoughtful, need-centric coverage to our diverse clients. We are dedicated to helping life science companies move their businesses forward with confidence, knowing they have a risk and reward strategy that fits the unique needs of their industry.

ABD Insurance & Financial Services

We are the ABD Team. Our 155 risk and reward advisors are dedicated to helping you understand the relationship between risks and rewards—so that you can strike the right balance to achieve your goals.We partner with organizations of all sizesto help them develop strategies and tactics that fit their unique culture, taking care of the details so that they can stay focused on building success.

Headquartered in San Mateo, with offices in San Francisco, San Jose, and Walnut Creek, ABD has a history that spans over 75 years. Many of ourrisk and reward advisors have beenrecognized as the best and the brightest in the insurance and financial services industries. Our practice areas include Employee Benefits, Retirement Services, Property & Casualty, Executive Protection, Private Client Services, and more. To learn more, visit:


About the author


A Better Day Starts Here

Newfront is transforming the delivery of risk management, employee experience, insurance, and retirement solutions by building the modern insurance platform. Transparent data delivered real-time translates into a lower total cost of risk and greater insights. Newfront makes insurance work for you.

The information provided is of a general nature and an educational resource. It is not intended to provide advice or address the situation of any particular individual or entity. Any recipient shall be responsible for the use to which it puts this document. Newfront shall have no liability for the information provided. While care has been taken to produce this document, Newfront does not warrant, represent or guarantee the completeness, accuracy, adequacy, or fitness with respect to the information contained in this document. The information provided does not reflect new circumstances, or additional regulatory and legal changes. The issues addressed may have legal, financial, and health implications, and we recommend you speak to your legal, financial, and health advisors before acting on any of the information provided.

Share this article

Keep up to date with Newfront News and Events—

Recommended reading

The Dependent Care FSA 55% Average Benefits Test

November 30th 2022

View all articles