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Life Sciences

Life sciences risks present myriad exposures in need of expertly crafted coverage. Beazley offers a flexible, innovative and client-focused approach to underwriting this class of risk.

Organizations operating in the life sciences arena face a unique risk landscape and need insurance protection designed by experts for their specific needs. The risks they face can come in many forms ranging from unsafe products and causing pollution to negligence in clinical trials. The liability on those responsible when things go wrong can be significant and the challenges are growing with an increasingly litigious world, new regulation and greater dependency on technologies. Beazley’s underwriters and claims team have a deep understanding of life sciences and have created a broad, flexible policy to meet the current and emerging needs of the sector.

Who is it for?

Life sciences risks present myriad exposures in need of expertly crafted coverage. Beazley offers a flexible, innovative and client-focused approach to:

  • Clinical trials of any kind including:
    • Pre-natal
    • Infants and children
    • Elderly
    • Impaired capacity
    • Emergency
    • Phase I through phase IV
  • Pre-clinical research models
  • Contract research organizations
  • Site management organizations
  • Device manufacturers:
    • Tissue/allografts
    • Surgical equipment and supplies
    • Some implantible devices
    • Genetic testing kits
  • Select biotechnology and pharmaceuticals
  • Pharmaceutical support services

Our covers

A flexible, innovative and client-focused approach to underwriting life science related risks. Coverages include errors & omissions liability, products/completed operations, healthcare professional liability, general liability, medical payments and medical monitoring expense coverage for both clinical trials and sold products.

  • Products liability (CM)
  • Professional indemnity
  • Public liability
  • Clinical research services – negligent act, error or omission
  • Medical malpractice
  • Clinical trials – no-fault compensation & legal liability
  • Claims made coverage