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Our pharmaceutical insurance solutions cover the risk associated with transporting and storing temperature-sensitive products.
Risk management remedy
Our pharmaceutical insurance solutions cover the risks associated with transporting and storing temperature-sensitive products. Our experts help you mitigate the risks related to temperature fluctuations, contamination and equipment failure—ensuring the integrity of your products.
However, unforeseen events can disrupt your processes and impact your business. That’s why our experts are here to help you navigate the complexities of the pharmaceutical supply chain and develop a robust insurance strategy to safeguard your assets and operations.
Roadmap to risk management
Continuous cover throughout the supply chain, manufacturing/warehousing, and distribution
Enhanced temperature deviation, decay and deterioration coverage throughout the supply chain cycle
FA (or equivalent) rejection coverage
Enhance bespoke valuation provisions
Trade and voyage disruption
The global pharmaceutical supply chain is worth over $1 trillion, and it involves the transportation of over 100 billion doses of medicine every year
Logistics for life sciences
Protect your pharmaceutical products with a trusted expert. We understand the industry's stringent regulations, quality control measures, and specialised handling requirements. Partner with us to minimise risk, maintain a strong reputation, and ensure compliance and product integrity.
Pharmaceutical insurance contacts
Maxim De Prins
Senior Vice President - Marine Cargo – Pharma, Food & Beverage | London
maxim.deprins@lockton.com
+44 207 933 1659
Michael Marcou
Senior Vice President - Marine Cargo - HiTech & Automotive | London
michael.marcou@lockton.com
+44 207 933 1658
Co-ordinated cargo expertise you can trust, worldwide.
Navigating the ever-changing landscape of cargo operations requires more than just knowledge; it requires finesse. That's why we create co-ordinated and bespoke programmes that ensure every pound spent on premiums translates into maximum coverage, giving you peace of mind. We're not just about securing the best insurance partners; we're about crafting a holistic risk strategy. Cutting through the jargon to help you anticipate loss, prevent it and recover swiftly when the unexpected happens. By working together with the specialist teams across Lockton, we deliver solutions tailored precisely to your needs.
Pharmaceutical FAQs
What level of protection/coverage is available for goods that are extremely sensitive to temperature variation?
We partner with specialist insurers on a global scale that have consistently innovated the coverage they offer to include the most comprehensive coverage and protection for temperature sensitive goods including tech-based products.
What is Lockton’s capability of insuring a complex global distribution network for the pharmaceuticals sector?
Lockton has a global network which includes owned operations in more than 30 countries and extends our capabilities to a further 100 countries through our unique Lockton Global Partnership. We draw capacity from all corners of the world to provide adequate coverage for all your local needs.
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Whatever your business, if you move it or store it, you should insure it through our experts.
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