Life Sciences
Life Sciences are so much more than a business; they are about changing the world.
While you push the edges of biotech, genetic coding, and pharmaceutical innovation, we can help you reduce exposure and protect your laboratories, equipment, and inventory – as well as your intellectual property.
Life Sciences companies are as varied as the world we live in.
This is one critical reason why Thomas Gregory Associates Insurance Brokers, A OneGroup Company (TGA) does not issue generic, off-the-shelf insurance policies. Life sciences encompass many fields, from biotechnology to epidemiology to medical device production, and as different as each branch may be, there are some commonalities – and many complexities – that must be considered when creating an insurance policy.
TGA works with you and your team to understand the unique requirements of each lab, research center, and manufacturing facility.
We consider ourselves to be part of your advisory team – just as your legal and financial advisors are. We collaborate to ensure that we can effectively customize the policy language to account for any potential exposure, including property loss or damage, loss of intellectual property, potential cyber-breaches, and even product recalls. We are experienced and proven risk managers with the ability to anticipate potential issues. By working together, and combining our experience and knowledge with yours, we can provide customized policies to shield you against today’s risks.
We make it easy for you. Save time. Save money.
DOL Announces Change to Overtime Threshold
According to the DOL, the July 1 increase updates the present annual salary threshold of $684/week ($35,568 annually) based on the methodology used by the prior administration in the 2019 overtime rule update. On Jan. 1, 2025, the rule’s new methodology takes effect, resulting in the additional increase.
Why Contractors Need Professional Liability Insurance?
In the past, contractors didn’t need to be concerned about professional liability insurance. It was traditionally carried by architects, engineers and other design professionals for errors and omissions. But these days, construction companies must consider this coverage to complement their general liability insurance.
2024 Salary Projections Remain High
As companies are trimming staff or leaving positions open, fewer employees are searching for new jobs. While workers still expect significant increases in compensation, the marketplace may no longer demand big bumps to retain workers.