Coverages are ideal for companies involved in pharmaceuticals (branded, generic or nutraceutical products), biotechnology, medical devices and clinical trials, as well as companies that serve the life sciences industry such as Contract Manufacturers, Contract Research Organizations, consultants and other service organizations.
- Canadian or U.S. limits
- Coverage for bodily injury and property damage
- Full clinical trials coverage, including medical malpractice and Errors & Omissions
- Separate sublimits for product tampering, radioactive contamination and bio-contamination coverages
- Key man insurance
- ERP option available
Up to $25,000,000
Also Available: Contract Research Organization (CRO) professional liability
On occasion, companies may hire a CRO to conduct clinical trials on their behalf. CROs face not only a vicarious product liability exposure, but also malpractice (failure to follow the manufacturer’s directions, or protocol, causing injury) and/or errors and omissions exposures (improper filing of the results, resulting in rejection or delay in drug approval, causing financial loss). We understand the unique risks that these CROs face and have developed a specialized CRO professional liability policy that gives them the financial loss protection they need in addition to medical malpractice coverage.