Protect your life sciences business with comprehensive insurance.
Safeguard your research, innovation, and operations with the right coverage.
The life sciences industry—spanning biotechnology, pharmaceuticals, medical devices, and research organizations—faces unique risks at every stage of development and operations. Insurance programs tailored specifically for Life sciences organizations provide protection your business needs to mitigate these risks, whether you’re in the lab, the clinic, or on the market. With the right coverage, you can focus on advancing science while protecting your assets, employees, and intellectual property.
What does life sciences insurance cover?
Life sciences insurance is designed to address the specific risks that life sciences companies face, including product liability, intellectual property disputes, clinical trial issues, and operational challenges. These coverages help ensure your business is protected against the unexpected, whether it’s an adverse reaction in a clinical trial, a patent infringement lawsuit, or the loss of valuable research data.
Most common coverage options for life sciences businesses.
Life sciences companies require specialized insurance to cover the broad spectrum of risks that come with innovation and development. Some of the most common coverage options for life sciences include:
- Product Liability Insurance (for protection against claims of injury or damage caused by your products)
- Clinical Trials Insurance (covering the risks involved in testing and experimentation)
- Professional Liability Insurance (for coverage against errors or negligence in research or development)
- Intellectual Property Insurance (protecting against patent infringement or IP theft)
- Directors and Officers Liability (D&O) (covering management decisions and fiduciary duty breaches)
- Cyber Liability Insurance (protecting against data breaches, especially for research data or patient information)
- General Liability Insurance (covering accidents or injuries on your premises)
- Workers’ Compensation Insurance (covering employee injuries on the job)
- Equipment and Property Insurance (for coverage of expensive lab equipment, machinery, and facilities)
The gaps that life sciences insurance fills in.
Standard business insurance policies don’t typically cover the specialized needs of life sciences companies. Life sciences insurance programs fill these gaps by providing protection for things like clinical trial risks, research and development errors, intellectual property claims, and product safety concerns. These coverages are critical for businesses that rely on innovation and regulatory compliance, helping you stay protected as you bring new products to market.
Coverage for the unexpected.
The life sciences industry is full of unknowns. Thus, unexpected challenges can arise at any time. Whether it’s a regulatory setback, a product recall, or the loss of crucial data, having the right life sciences insurance program ensures that your business is prepared for the unexpected. With the right coverage, you can continue advancing your research and products without worrying about the financial impact of these unforeseen events.
Are you ready to protect your life sciences business with tailored insurance coverage?
Contact us today to discuss your specific risks and coverage needs. We’ll help you craft a comprehensive insurance program that protects your business, your intellectual property, and your innovation.
Let’s Get Started
Life Sciences Insurance Quote Request
"*" indicates required fields
Don’t like forms? Contact us at 833-772-7900 or email us.
