Life Sciences Health Products

Whether your company is focusing solely on Biotechnology -Research and Development, Human Clinical Trials -Admitted and Non-Admitted Basis ,Manufacturing and Distributing Pharmaceuticals, Branded and Generic,Medical Devices Class (low to high risks),Natural Health Care Products or Cosmetics with both manufacturing and research facilities, you need specialized Insurance Protection that responds to situations in the fast paced and highly competitive Life Sciences Industry.

I will begin by asking questions to understand your unique Business Insurance needs. I will then examine your business goals and assess your individual needs. I shop amongst the Insurance Companies and connect them to your risk for the right coverage and business objectives.

Biotechnology – Research and Development
Human Clinical Trials -Admitted and Non-Admitted Basis
Manufacturing and Distributing
Pharmaceuticals, Branded and Generic
Medical Devices Class I – IV (low to high risks)
Natural Health Care Products
Cosmetics
Contract Manufacturing
Contract Research Organizations
Various Consulting Firms involved in the Life Sciences Industry

Medical Devices (including):

• Clinical Applications
• Diagnostic Imaging Equipment
• Software Developers for Medical Applications
• Monitoring Equipment
• Surgical, Dental, Therapeutic Instruments
• Diagnostic Test Kits
• Optical/Ophthalmic Instruments and Lenses

Drugs, Vitamins, Dietary Supplements

• Therapeutic, Diagnostic Pharmaceuticals
• Biochemicals and Reagents
• Herbal and Dietary Supplements
• Drug Delivery Systems
• Medical Food

Health Care Product Services Organizations

• Contract Drug and Device Manufacturers
• Contract Research Organizations
• Site Management Organizations profit in the coverage amount.

Products Liability:

Coverage for Bodily Injury and Property Damage
Worldwide Territory
Extension to cover Clinical Trials Liability
Sub-Limits for Product Tampering, Radioactive Contamination and Bio-Contamination
Coverages
Product Recall and Manufacturers E&O Coverage Available

Professional Errors & Omissions:

CRO’s, consultants and other service organizations
Includes cover for Bodily Injury and Property Damage
Worldwide Territory
Low Deductibles and Competitive Minimum Premiums
Broad Form Professional Services Definition

Single policy combining E&O, CGL, Property for R&D based firms generating minimal revenues the provision of services and not conducting any clinical trials or product sales

Claims Made Wording
Limits up to $10,000,000
No Restrictions on U.S. Sales
Ability to Place International Clinical Trials on an Admitted and Non-Admitted Basis
No “Concurrent Causation” Language
Bilateral Extended Reporting Period
Primary or Excess Coverage Available
CGL, Property, Boiler and D&O Coverage Available