BIO Business Solutions: A MNBIO Benefit

BIO Business Solutions: A MNBIO Benefit

MNBIO has teamed with the Biotechnology Industry Organization (BIO) to bring national partnerships for business development and discounts to our members. MNBIO members are experiencing valuable saving through the BIO Business Solutions program. Available services are outlined below:

BioSurplus-Online Used Equipment Exchange

BioSurplus matches buyer and seller of pre-owned, high-end biotechnology & IT equipment. For sellers, BioSurplus can help turn underutilized laboratory & IT assets into cash, while the buyer can save significantly on equipment purchases by buying used. BioSurplus''s experienced staff helps to make the transaction simple.

Member Benefits:

  • Seller’s commission is reduced by 5% for members
  • Buyer’s premium is waived for members

To learn more, contact BioSurplus at customerservice@biosurplus.com

Chubb Group-Business Insurance/Risk Management

  • Clinical Trials Liability Insurance
  • Products Liability Insurance
  • Professional Liability Insurance
  • Property & Casualty Insurance

For more than 20 years, the Chubb Group has provided cost-effective risk management and insurance coverages tailored to the unique requirements of biotechnology companies. Chubb''s insurance professionals specialize in the biotechnology market; they understand your issues and anticipate future insurance coverage challenges.

Member Benefits:

  • 10% premium credit for clinical trials, product and professional liability lines
  • Competitive premiums for companies at all stages
  • Low minimum premiums for early stage companies

To learn about specific details about the program, including coverages and premium rates, contact William Gallagher Associates, BIO''s preferred broker for business insurance, at 888-4BIORISK (888-424-6747) or at bioinfo@wgains.com. Companies located in the western U.S. can contact Woodruff-Sawyer & Co. at 415-391-2141. General information about Chubb Group can be found at www.chubb.com. Or contact your local broker.

Fidelity Investments-401(k) Plans

Fidelity Investments, the nation''s retirement leader, provides members a retirement plan that meets their employees'' needs. Fidelity offers three distinct 401(k) plans to members at discounted pricing.

Member Benefits:

  • Three 401(k) plans from which to choose, including the Fidelity e401k, the first comprehensive, online 401(k) plan created for small business
  • Discounts of 10%-60% for BIO members on Fidelity’s already low-cost plan fees

To speak with a retirement plan specialist about plan selection, program details or technical questions, contact Fidelity at 877-980-0246 or ecmdemo@fmr.com.

Genesis Professional Liability Managers
Monitor Liability Managers

Director’s & Officers Liability Insurance

Genesis and Monitor are leading providers of Directors’ and Officers’ liability insurance, both having a strong focus on providing D&O insurance to the biotechnology industry.

Member Benefits:

  • 7.5% no-claims policy renewal credit
  • Prenegotiated, standard coverage terms for members
  • Competitive premiums for companies at all stages
  • Low minimum premiums for early stage companies

To learn about specific details about the program, including coverages and premium rates, contact William Gallagher Associates, BIO''s preferred broker for business insurance, at 888-4BIORISK (888-424-6747) or at bioinfo@wgains.com. Companies located in the western U.S. can contact Woodruff-Sawyer & Co. at 415-391-2141. Or contact your local broker.

Humboldt Storage and Moving/United Van Lines-Moving and Relocation Services

Humboldt Storage and Moving, a United Van Lines agent, is a one-stop for moving an entire company or a single employee, across town or overseas. Humboldt provides moving, relocation and storage services, and has a strong focus on customer service. Humboldt has a unique expertise with serving the biotech industry.

Member Benefits:

  • Discounted pricing of 53%-55% off federal tariffs
  • Guaranteed pickup and delivery
  • Free full-replacement valuation

To learn more about the moving and relocation services, contact Humboldt at 1-877-BIO-4RELO (1-877-246-4735) or rmerrill@humboldt.com.

Office Depot, the world''s largest seller of office products, offers members significant discounts on office supplies, furniture and equipment. Other benefits of this agreement include added savings for online ordering, no minimum orders, and no shipping/handling charges.

Member Benefits:

  • Up to 75% off the manufacturer''s suggested retail price on "core list" items, 45% off furniture, and 50% off all other catalogue items
  • A core list of 200 most frequently-ordered items-a list that is completely customized by you
  • Annual cash rebate if most orders are placed online
  • Store purchasing cards for last minute emergency purchases at Office Depot retail stores (where you will receive the special member pricing)
  • No minimum orders, no shipping and handling charges, no term or volume commitments.

More information, including specific pricing, contact Leslie Turley of Office Depot at 800-937-3600, X 8285, or by email at lturley@officedepot.com.

VWR International is a leading distributor of laboratory supplies and equipment for the life sciences industry. The program offers extremely aggressive pricing on the entire VWR product offering of more than 400,000 products from 1,300 manufacturers. In addition, the program includes special pricing agreements from manufacturers like BD Bio Sciences (subject to approval), Corning, Mallinckrodt Baker, Mediatech, and Nalge Nunc.

Member Benefits:

  • Hot list of approximately 1,000 items, with savings of up to 75% from list
  • Discounts across the entire VWR product offering
  • Special pricing on general equipment items with list price of over $1,500
  • E-commerce rebate if most of your orders are placed online
  • No minimum order required
  • No shipping charges for products shipped from VWR''s primary distribution facilities

For more information, contact VWR at 1-800-932-5000 or your local VWR sales representative.

Willis, the third largest publicly-held international insurance brokerage firm in the world, will help you obtain excellent group benefits that fit your employees'' needs while maintaining affordable rates. Willis works with biotechnology companies of all sizes to assess their employee benefit needs and recommend the best, most cost-effective providers. The program offers two types of coverage: traditional group health and welfare and personal lines. Group health and welfare includes medical, dental, life, disability, accidental death and long-term care. Personal lines include automobile, homeowners and renters insurance, where employees can access such coverages at group rates. The program also assists companies with establishing and maintaining self-funded plans, including an online benefits administration option through America''s Choice Healthplans.

Member Benefits:

  • Access to the resources and experience of Willis for small biotech companies
  • Access to a team of specialists devoted to serving the biotechnology industry
  • Discounted pricing and special benefits for BIO members on services offered by America''s Choice Healthplans, an online employee benefits administrator for self-funded health plans

For details about coverages, terms, and premium rates, contact Susan Lichtman or Matt Huttlin at 1-888-WILLIS2 (1-888-945-5472) or by email at lichtman_sd@willis.com or huttlin_mr@willis.com, respectively.

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