We understand the unique nature of life science businesses. Drug developers, CROs, CMOs and contract research service providers work together to drive forward the discovery and development of new therapeutic products.
Biosurance® R&D is an innovative insurance product that allows companies in the R&D chain to cover their unique risk exposures in the context of their business and funding models.
Biosurance® R&D is a modular policy targeting key exposures for research and development companies. Features include:
- Broad cover for damage to R&D property including cover at premises throughout the supply chain and whilst in transit
- Wide definition of "stock" to include documents and electronic data
- Cover for damage or spoilage resulting from power outage, equipment breakdown, contamination and ideologically motivated attack
- Full stock re-creation costs, including those attached to repeating completed R&D
- Cover for undamaged property when condemned by a competent authority
- “Flexible First Loss" business interruption cover
- Product and services liability covering third party property damage, bodily injury and financial loss on a seamless basis ensuring no gaps or overlaps
- Clear, unambiguous cover for breach of a client contract
- “No Fault Compensation” clinical trial insurance available for single trials, or on an annual multi trial basis
- Employers, public and pollution / contamination liability
- Directors & Officers liability
- Limits of liability available up to €7,500,000
- A range of reinstatement options available
- Excesses start from €1,000
- Premiums start from as little as €1,000
We are committed to providing you with service of the highest quality. As part of this commitment we promise that:
- You will deal with an experienced underwriter who understands the exposures faced by social media companies
- We will make fast decisions and will react when you tell us something is particularly urgent
- We will listen to your feedback and use it to continually improve our service
To obtain a quote for Biosurance® R&D all we need is the completed Application Form.