SVP, Life Science Industry Product Leader
Life Sciences
Our Life Sciences team provides multi-line coverage to support risks across research, clinical trials, manufacturing and distribution.
From early-stage research to manufacturing and delivery, life sciences companies face a range of interconnected risks. Our Life Sciences team provides coverage designed to support each stage of the product lifecycle.
We work across companies at different stages of development, from emerging businesses to global organisations. Drawing on extensive experience across the sector, our underwriters, risk control and claims specialists support clients in managing the complex risks associated with product development and operations.
Coverage features
Target clients
We are focused on serving small and middle market accounts in the following classes:
- Drugs, pharmaceuticals, biologics including dietary supplements/nutraceuticals
- Medical devices (class 1 to 3 & PMA approved)
- Professional service organizations supporting the product development process
Our appetite includes the following phases of the product life cycle:
- Research and development (R&D)
- Clinical trials
- Manufacturing (CMOs and OEMs)
- Distribution
Coverage features
We offer a broad range of customizable coverages and services tailored to each client’s needs including:
- State-of-the-art product liability, including products and completed operations (PCO), clinical trials, and errors and omissions (E&O) coverages, coupled with numerous specialty coverages developed to address the unmet needs of the life science industry, such as Care, Custody and Control (CCC) of property, product shortage and medical monitoring expenses, successor liability, incidental medical professional, comprehensive clinical trials coverage to include bodily injury en route to or from the trial to personal and advertising injury
- Controlled master programs with DIC/DIL for property and casualty coverages
- A full suite of specialized property coverages, including R&D, spoilage/contamination, scientific animals, and business income including extra expense and milestone payments
- Specialized inland marine coverages
- Other SBU’s coverage – D&O, Cyber, etc
Capacity
- Dedicated, and separate limits for Product Liability, E&O and Clinical Trial Liability. Maximum policy limit up to US $25m (based on risk)
- Limits up to US $25m (based on risk) for Product Liability, E&O and Clinical Trial Liability
- Property capacity up to US $500m AOP/$25m CAT per location with coverage options
Experts
Meet the experts supporting life sciences companies across research, development and delivery.
Multinational cover
Scaling your expertise internationally?
Speak to our Multinational experts about a convenient, consistent approach to accessing global coverage that is compliant with local regulations.