Life Sciences Insurance

Platinum Commercial and General Insurance is able to arrange and place insurance for pharmaceutical organisations, medical device companies, healthcare product service organisations and other life sciences industry companies.

There are various specialised insurance products for General Liability, Products and Human Clinical Trials Liability and Errors & Omissions.


Pharmaceutical Companies
Insurance coverage is available for manufacturers of prescription and over the counter drugs and dietary supplements. Insurers will also consider providing cover for manufacturers of veterinary products, although to be considered the veterinary products must be manufactured for the purpose of treating a disease

Medical Device Companies
Insurance coverage is available for manufacturers of medical devices and laboratory equipment used in the research and development of new drugs and medical devices

Drug Discovery Companies
Insurance coverage is available under this category for companies such as biotech R&D companies developing new therapies based around genomics or proteomics and other studies of disease at the molecular level.  Insurance coverage is also available for Bioinformatics companies in this category.

Contract Research Organisations
Insurance coverage is available for companies in the business of providing support services to Pharmaceutical, Medical Device, or  Drug Discovery companies on a fee for service basis.  These support service activities can include contract research, laboratory work, clinical work (relating to human clinical trials), product design or development reviews.

Contract Manufacturing Organisations
Insurance coverage is available for companies that provide manufacturing, packaging or labelling services to Pharmaceutical and Medical Device companies on a fee-for-service basis.

Human Clinical Trials
Insurance coverage for Human Clinical trials is avialalbe however coverage is usually only available in conjunction with the full casualty program of the trial sponsor, and is not provided in isolation.