Life science insurance
Life Science Insurance
The life science sector is a dynamic and exciting industry that is always looking ahead to new developments in innovation and research. However, life science companies are subject to unique reputational and financial risks posed by the actions of regulators and litigation, not to mention the issue of intellectual property and challenges to patents undermining firms’ sources of revenue and core products. The industry is faced with its fair share of challenges, which means that life science companies need a specialist insurance policy to provide the financial protection they need. A life science insurance policy from Livingstones Insurance can provide you with the following coverage:
Product liability cover is essential for businesses in the life science industry to provide them with protection in the event of a product causing harm to a consumer during its lifecycle. This could be due to a flaw in the design of the product, failure to provide the appropriate instructions for the product’s use or a defect created by the manufacturer.
Clinical trials liability
Clinical trials liability insurance provides coverage in case a clinical trial participant sustains an injury during medical device testing or drug testing and makes a claim for compensation.
In one of your clients makes a claim against you regarding any financial or personal losses they may have sustained due to your professional negligence, professional indemnity insurance can ensure that any legal costs and compensation is covered so that your business operations are not interrupted.
Contact Livingstones Insurance today
Our life science insurance experts understand the risks associated with this ever-evolving industry and are committed to creating insurance services that our customers need at every stage of our relationship with them, from claims handling to risk engineering and risk evaluation.
Call us today on 020 8903 9412.