The Life Sciences Industry is complex and high-risk. Life Science Insurance Policies protect Life Sciences Businesses from key industry risks like:
The Life Sciences Industry is complex and high-risk. Life Science Insurance Policies protect Life Sciences Businesses from key industry risks like:
➤ Claims from participants of clinical trials.
➤ Bodily harm caused by product malfunctions.
➤ Financial loss related to errors or omissions.
➤ Patent infringements.
➤ Privacy breaches.
Businesses in the Life Sciences Industry need to take insurance seriously. They are offering complex products and services in a heavily regulated industry. Often, small mistakes result in large losses.
The best way to protect your Life Sciences Business is by working with a specialist broker — like KBI. We have a mix of industry and insurance knowledge. We can give you expert advice on the risks associated with your business, and work to protect you from them.
Life Science Insurance is a must-have for Clinical Trial, Research and Development, Biotechnology, and Pharmaceutical companies. It is also important for businesses who work with these companies as contractors, consultants and support providers. Activities that need coverage include:
Get in touch with our team today to discuss appropriate insurance solutions.
This section covers costs that you are liable to pay due to third-party injury or property damage. It includes claims that result from product failure and day-to-day business activity.
This section covers financial losses incurred by a third-party as a result of your unintentional mistakes. It can include contractual breaches, accidental omissions and negligence.
This section covers compensation for the bodily injury of clinical trial participants. You can extend coverage to include no-fault compensation — for cases where the injury is not related to your negligence.
This section covers legal costs related to patent infringement allegations. It includes allegations that you make as a patent holder and allegations that other patent holders make against you.
This section protects you from financial losses related to cyber-attacks. It can include data loss and costs associated with mitigating the impact of an attack.
Health information has strong legal protections. This section covers legal fees, fines and other costs related to unintentional data breaches.
As a result, the trial admits several unsuitable candidates. Some participants are at significant risk of complications.
An investigation finds that your company has not met requirements around storage of personally identifiable data.
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KBI’s specialist Life Sciences Insurance team has expert knowledge of insurance, risk management and the technology sector. They leverage this knowledge along with KBI’s networks and strong industry relationships to create custom insurance solutions specific to each firm’s needs. We keep our customer’s informed every step of the way. We provide expert recommendations and are always on hand to help them make informed decisions.
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