Our specialist life sciences team will be happy to advise you

Insurance and risk management services for the Life Sciences industry including cover for operational risks, individual directors and officers, clinical trials and crisis containment.

Companies operating within the life sciences sector face a variety of unique challenges and opportunities. Whether your company works within biotechnology, clinical research, drug or contract manufacturing, there are a number of potential risks you should be covered against. For instance, should you face unforeseen litigation, product contamination, regulatory action or patent disputes, your funding and reputation could be in jeopardy.

That’s why insurance can be vital. While you may think it’s unlikely anything harmful would happen to your business, you can’t know for sure what is going to happen in the future. With insurance, you can have the peace of mind that risks and crises can be managed appropriately and efficiently, without necessarily affecting your bottom line.

We have over 25 years’ experience advising companies in the life sciences industry and are the partner of choice for over 3,000 companies globally. We use our insight and knowledge to provide tailored advice on all matters, from intellectual property infringement and supply chain exposures to industry mergers and IPOs.

What is life science insurance?

Our insurance products help protect you against a range of unique risks. Depending on your company’s level of exposure, you may require to be insured for product liability, clinical trial risks, property damage, and directors’ and officers’ liability.

Most of the insurance products we offer are bespoke, exclusive to Gallagher clients and competitively priced. For more information contact us today.

What other services do we provide for life sciences companies?

As well as our insurance products, we offer risk management and crisis containment services for companies within the sector. We have the tools and expertise to guide our clients through every stage of their development, including:

  • Analysing unique and complex challenges. During this phase, we look at the company’s human resources, availability of funds, R&D expenditure, directors’ and officers’ liability insurance, approved contractors and key persons within the business.
  • Undertaking risk analysis, examining supply chain management and managing intellectual property and licensing agreements. We can also help clients navigate the regulatory environment for national or global clinical trials.
  • Leveraging a comprehensive set of proprietary tools to support and protect life sciences companies during key milestones, including IPOs and M&A activity.

Who do you work with?

We work with a wide range of life sciences companies, helping them to navigate the complex insurance requirements of the industry. Examples of our clients include:

  • Biotech companies
  • Medical device and supply companies
  • Laboratories and clinical research and development facilities
  • Drug manufacturers and drug wholesale manufacturers
  • Pharmaceutical companies
  • Nutraceutical and food supplement companies
  • Medical technology manufacturers
  • Clinical trials facilities
  • Research parks
  • Science accelerator platforms

What should I do if I need to make a claim on my life sciences insurance?

If you need to make a claim, all you need to do is get in touch with us. As one of the leading life science insurance brokers, we handle all our claims in-house and your dedicated Gallagher claims specialist will work hard to resolve them as quickly as possible.

Life Science Insurance

  • Access to Gallagher exclusive products and services, offering some of the broadest covers and service propositions in the market
  • Access to dedicated team of ten life sciences insurance professionals – the largest team of its kind in the UK market
  • Over 25 years of experience in the life sciences sector
  • Broad appetite within life sciences, from start-ups and consultants through to drug manufacturers and CROs

Gallagher Life Sciences Practice is proud to be supporters of BIA, Science Entrepreneur Club, BIVDA, One Nucleus, StartCodon, MedCity, Panacea Innovation and London BioScience Innovation Centre (LBIC).