Pharmaceutical companies operate in a fast-paced industry and have a unique set of risks which many traditional insurance policies do not adequately address. Our policy is a broad, flexible and cost-effective option which was created specifically for this sector, plugging gaps in cover and addressing the real exposures faced on a day-to-day basis. It is suitable for drug designers / licence holders, manufacturers, contract manufacturers, final formulators, distributors, wholesalers, retailers, importers, exporters and blood product manufacturers headquartered outside of the USA. Some of the policy features are listed below.
We are able to offer solutions for most pharmaceutical products including on-patent and generic versions of both ethical (prescription) and OTC (over the counter) drugs. We are also able to consider blood and blood product suppliers. We can provide cover for exports to the USA of up to 100% and can also include USA domiciled manufacturing, if incidental to the risk, as well as sales offices, warehousing and distribution. We have a flexible approach to traditionally excluded products and can often provide cover where others will not.
No one wants to read 100 pages of incoherent insurance jargon. That’s why our policy wording is clear and concise, so you know exactly what’s covered. Although it is less than 10 pages long, you can rest assured that it offers some of the broadest and most robust cover on the market.
EXCEPTIONAL SERVICE LEVELS
Obtaining cover can be a lengthy and time-consuming process. Our experienced team, however, are able to quote and bind policies instantaneously as long as we have all the information we need.