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Pharmaceutical, biotech and lifescience liability

Our pharmaceutical liability covers manufacturers and distributors of products used in or on the body.

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Pharmaceutical liabilityproposal form

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incident reportclaim form

Product features

  • Covers your legal liability for damage or compensation and claimant’s costs and expenses for bodily injury, property damage and financial loss sustained by a third party arising out of your business
  • Comprehensive cover for public and products liability, clinical testing liability, no fault compensation cover for clinical trials and products financial loss
  • Limits up to $25 million available
  • Worldwide jurisdiction, including North America
  • Costs in addition to the limit of Indemnity (other than North America)
  • Definition of products extended to include all services provided by the Insured whether on a fee basis or otherwise so bodily Injury paid under products liability and pecuniary loss payable products financial loss
  • Cover provided for counterfeit products
  • Products liability available on claims made or occurrence basis (subject to underwriter agreement)
  • Full retroactive cover available to match existing policies
  • Sub-limit for goods in your care, custody and control
  • Fewer excluded products under the specified pharmaceutical products exclusion and buy-back available (subject to underwriter agreement)
  • Advertising liability included
  • Government recall cover available (subject to underwriter agreement)
  • Extended reporting periods provided with optional ERPs available
  • Difference in limits and in conditions cover available where local policies are issued to comply with regulations

Who do we cover?

  • Pharmaceutical manufacturers, contract manufacturers, and manufacturers of active pharmaceutical ingredients
  • Chemical manufacturers and distributors
  • Stockfeed manufacturers and distributors
  • Parallel import wholesalers
  • Medical device manufacturers and suppliers (invasive and non-invasive)
  • Clinical research organisations
  • Clinical trial sponsors
  • Biotechnology
  • Cosmetics manufacturers
  • Chemical synthesis
  • Nutraceuticals
  • Veterinary product manufacturers and distributors
  • Homeopathy

What do we cover?

Cover is available on all classes for worldwide jurisdiction and domiciles, including:

  • Public and products liability
  • Medical malpractice
  • Clinical trials no fault compensation to comply with various legal requirements