We understand that businesses in the Life Science insurance industry face a rapidly growing landscape, forever changing regulatory requirements and a range or emerging risks.
Your specialist broker for an emerging landscape
The life sciences industry is evolving fast and becoming the largest and fastest growing sector in the world.
Every business involved in life science is continually facing changing regulatory requirements, as well as increasing pressure and expectations from clients. The sector itself is exposed to a wide range of emerging risks making it incredibly unique and impacted by change.
That’s why bespoke insurance is critical in protecting your organisation, whether you are involved in research and development, medical devices manufacturing, pharmaceuticals, or nutraceuticals and clinical trials.
We understand the full lifecycle of every business, no matter if you are a start-up or an IPO. We work with businesses to advise and assess their every need. So, if you need cover for something at R&D stage, such as early stage testing in clinical trials or even intellectual properly for a new patented product you are putting out to market – we can support you.
Who we work with
We work with the following industries in the sector but are not limited to:
Dental product manufacturers
E-Health and Health Technology
Health & Beauty
Importers / wholesalers / distributors
Medical devices – invasive and non-invasive (including implants)
Pharmaceutical manufacturers and distributors
Responsible Person organizations
Research and experimental development companies
Service organizations, e.g. contract manufacturers, contract research, site management, analytical and testing laboratories
Veterinary drug manufacturers and distributors
What we offer
Public Liability & Products Liability
Professional Indemnity Insurance
Clinical Trials Cover
Property, Business Interruption
How we can help
Because the life science industry is growing exponentially, we offer policies that are able to grow with you. With solutions for the whole life cycle of a business, from new start up R&D to an established company worldwide – we have you covered.
Here at Lockton, we have a team dedicated to life sciences.
We understand everyone is different, which is why we review each business individually. This allows us to identify and help you mitigate the risks you may face in the future. And also helps us create a tailored insurance solution that is unique to you and offers the correct protection for your business at affordable rates backed up by year-round support.
Not only do our policies provide the full suite of enhanced insurances, but our own legal expert will review your terms of engagement and assist when entering any client contract. We can review the terms and advise you accordingly from an insurance point of view.