As long established experts in providing insurance cover for the Life Science sector, whatever your focus: pharmaceuticals, medical devices or contract research, we can create the scalable insurance solution you need.
Whether you’re at the R&D, clinical trials, or mass production stage, keeping you protected whilst you develop ways to care for others, is our core goal.
We work with a range of client types, regardless of whether they’re based in a single university lab or a large purpose-built research facility, helping them to keep their people, their assets, their customers and of course their directors and shareholders suitably protected.
We are NOT a call centre. We work hard to understand your business, its goals, its challenges and its culture. Our high retention and referral rate of 97.7% is due to the value our clients place on the relationships they have with our team, and the peace of mind that provides.
We understand that your insurance needs change as you grow, and sometimes, that change in cover can be needed quickly.
Since 2011, we have been the trusted insurance broker for Bionow and many of their members. Bionow is the leading not-for-profit membership organisation supporting the biomedical, pharma and life science sectors across the north of England.
Life Science Insurance cover for all business types
As the leading UK independent insurance broker to the life science sector, we can provide you with specialist insurance advice and help identify, plan and manage the risks your business faces regardless of sector of stage of lifecycle. We have clients from all areas of the Life Science sector, including:
Off-the-shelf commercial packages will simply not provide the cover you need at the time you need it most – when a claim is required. We can provide a free, no obligation review of your current insurance programme and risk management procedures, to create a bespoke solution to fit your budget and requirements.
Tailored Life Science Insurance policies can include cover such as:
Public and Service Liability: covers you if you or your employees are liable for injury to customers or the public, or for damaging their property as a result of your business activities.
Employers’ Liability: covers you if you are liable for injury or illness of an employee arising out of their work.
Buildings & Contents: reinstatement of either can be considerably more expensive than in previous years, and underinsurance could result in only a partial payout in the event of a claim.
Environmental Liability: provides coverage for loss or damages resulting from unexpected releases of pollutants, typically excluded in general liability and property insurance policies.
Professional Indemnity: protects you against claims for loss or damage made by clients or third parties as a result of the impact of negligent services or advice you provided, even if you provided a service for free.
Clinical Trial Liability: covers you in case a research subject is injured, both on a legal liability and no-fault compensation basis. We can provide policies for both a single UK trial and multiple trials worldwide.
Directors and Officers: reimburses the costs incurred by board members, managers, and employees in defending against claims made by shareholders or third parties for alleged wrongdoing.
Business Interruption: can protect against loss of income due to an unexpected event, such as fire, flood or some other unforeseen circumstances, including the supply of goods or services.
Research and Development Costs: covers you to reconstitute records or re-work projects to restore R&D projects following damage at premises.
Cyber: covers the losses relating to damage or loss of information from IT systems and networks from an actual or suspected unauthorised IT system access, electronic attack, or privacy breach.
Credit Insurance: covers against the risk of businesses not being paid for goods or services that they sell or buy (if on a pro forma basis).
Intellectual Property Insurance: helps to cover legal costs related to enforcing or defending patents, trademarks or copyrights, as well as any patent infringement claims levied.
Healthcare: cover could include private medical insurance for individuals or groups, income protection, life assurance, critical illness or key person protection.
Client feedback
Why Choose us For Your Life Science Insurance?
Our clients tell us there are many benefits to working with us:
Expertise
The life science insurance team headed up by Rob Black, understand that the industry is continually evolving, and that innovation creates risk. We have vast amounts of retained knowledge, are quick to understand a client’s needs and which insurers are best placed to secure the right cover for those needs. Over almost 50 years, we’ve developed excellent relationships with insurers, which brings all manner of benefits for clients in terms of buying power, negotiating and speed of response.
Relationships
From disruptive start-ups to established creative companies, many of our clients have been with us through the lifecycle of their business and repeatedly tell us that the relationship with their C&C contact is one of the biggest benefits of working with us. And it’s not uncommon for those relationships to extend to client visits. At the risk of repeating ourselves, we’re NOT a call centre! We take the time to really understand our clients, as people and businesses, along with the specific markets they operate in.
In-House Claims Team
And if the worst happens and you need to make a claim on your life science insurance, our in-house claims team will take the lead on the process and manage as much interaction with insurers and loss adjusters as possible. They will challenge, chase up, and champion your case all on your behalf. Having our team taking the headwind at such a difficult time brings immense peace of mind to our clients. And the best bit? It all comes with no additional claims handling fees.
Our in-house risk management team can also assess your business exposures and assist to reduce your risk, which in turn, can enhance your relationships and reputation with insurers.
CALL US TO TALK ABOUT MATCHING YOUR LIFE SCIENCE INSURANCE PROTECTION TO YOUR GROWTH ON 0161 406 4800
