Life Sciences
Life Sciences are so much more than a business; they are about changing the world.
While the life sciences industry pushes 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 OneGroup 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.
OneGroup 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.
Industry Involvement
OneGroup is a member advantage partner of LifeSciencesNY, an organization focused on fostering innovation and helping New York State’s bio/med industry thrive. Their members are members are New York’s pharmaceutical, medical technology, and bio/med companies, leading academic research institutions, manufacturers, suppliers, and service providers.
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Legal Alert: Agencies Push Pause Button on Enforcement of MHPAEA 2024 Final Rule
On May 15, 2025, the Department of Labor, Department of Health and Human Services, and the Treasury Department (collectively, the “Agencies”) released a statement regarding the Agencies’ recent request for abeyance of a lawsuit filed by the ERISA Industry Committee (“ERIC”) in the U.S. District Court of the District of Columbia that challenged certain aspects of Mental Health Parity and Addiction Equity Ace (MHPAEA) Final Rule (“2024 Final Rule”) relating to nonquantitative treatment limitation caparative analyses (“NQTL analyses”).
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As healthcare costs continue to rise, more employers are exploring self-funding as a strategic alternative to traditional fully insured health plans. In our recent Self-Funding Health Benefits 101 Webinar, team members from BPAS Health Benefits Consulting and OneGroup’s SVP of Employee Benefits discussed the risks and benefits of Self-Funding Health Benefits. They offered valuable insights from their organizations considering the self-funding approach.