We offer a broad array of specialized coverages for the unique risks designed to meet the unique needs of life sciences organizations such as businesses involved in biotechnology, pharmaceuticals, medical devices, diagnostics, and related fields. Life science insurance policies cover various aspects such as:
Product Liability
Coverage for claims arising from the use of products developed by the company, including pharmaceuticals, medical devices, and biotech products.
Clinical Trials Insurance
Protection for companies conducting clinical trials, covering liabilities arising from trial-related injuries or adverse effects experienced by participants.
Property Insurance
Coverage for physical assets such as research facilities, laboratories, equipment, and inventory.
Business Interruption
Financial protection against losses resulting from disruptions to business operations, such as natural disasters, equipment breakdowns, or supply chain interruptions.
Professional Liability
Also known as Errors and Omissions (E&O) insurance, this covers legal defense costs and damages related to claims of negligence, errors, or omissions in the professional services provided.
Cyber Liability
Coverage for risks related to data breaches, cyberattacks, and other cyber-related incidents, which are particularly critical for companies handling sensitive medical and research data.
Directors and Officers (D&O) Insurance
Protection for the personal assets of company directors and officers in the event they are sued for alleged wrongful acts in their capacity as company leaders.
Worker’s Compensation
Insurance providing wage replacement and medical benefits to employees injured in the course of employment.
Given the high stakes and regulatory complexities in the life sciences sector, having comprehensive insurance coverage is crucial to mitigate risks and ensure business continuity. Please reach out if we can provide a quote or second opinion on your policy.
