Insurance for Research & Development

Who's it for?

  • Clinical research associates
  • Companies involved in the drug development supply chain
  • Consultancy services
  • Contract manufacturing organizations (research and trial materials)
  • Contract research service providers
  • Drug discovery companies
  • Drug development companies
  • Other scientific companies in the research and development phase

What does it cover?

  • Property
  • Ideologically motivated attacks
  • Business interruption
  • General liability
  • Pollution and contamination liability
  • Products liability
  • Professional liability
  • Breach of contract
  • Intellectual property rights infringement
  • Virus and hacking attack liability
  • Loss mitigation
  • Payment of withheld fees
  • Clinical trials
  • Employee fidelity
  • Website damage
  • Brand protection
  • Court attendance costs

Why do I need this?

  • R&D provides broad, flexible coverage in an easy to understand format for scientific research companies throughout their life-cycle.
  • It allows cover to be tailored around individual business models and risk profiles and can be adapted easily as and when this changes. This is particularly beneficial for 'virtual companies' where a lot of physical work is undertaken by supply chain partners, for companies moving from pre-clinical research to start clinical trials, and for companies providing a blend of products and services to their customers.
  • For start-up companies, we have a two page application process that gives these fledgling companies a simple, basic, cost effective package of cover that can be built upon as they develop.

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