Life Sciences Insurance provides protection from liability exposure by experts who understand this unique risk landscape .
Life Sciences risks can come in many forms, ranging from skincare products to permanently implantable medical devices, and all the way through to sophisticated robots used in surgery. In an increasingly litigious world, the liability exposure can be significant.
Tokio Marine Kiln’s Life Sciences IntelliMed Insurance product is designed by experts who understand this unique risk landscape and have the ability to tailor make cover for a vast array of complex risks.
Products liability
Professional indemnity
Medical malpractice
Public liability
Clinical trials – no fault compensation and legal liability
Intellectual property
Cyber
Extensions available for:
Product recall costs
Research and development reinstatement costs
Barcode restoration costs
Reputational damage costs
Advertising liability
Employers’ liability
Coverage is available for a wide range of organisations including:
Medical device companies; products ranging from dental products through to implantable devices
Pharmaceutical companies
Laboratories (including testing laboratories)
Contract research organisations
Biotechnology companies
Research and development companies
Clinical trials – all phases
Skincare companies including beauty/cosmetics
Nutraceuticals including food/beverage/supplement manufacturers/distributors
Veterinary product manufacturers
Medical technology manufacturers
FemHealth companies
Medical cannabis companies including distributors/testing laboratories
Research and development in psilocybin
Active pharmaceutical ingredient manufacturers
As well as: research and development companies within the field of pharmaceuticals, nutraceuticals, beauty, femhealth and medical devices and medtech with novel Intellectual Property requiring protection and/or medical technology devices, apps and medical software manufacturers requiring Cyber protection.
IntelliMed
Telehealth companies, such as those developing wellness and health monitoring apps or smart medical devices, require a multitude of coverages in order to be fully protected. Current offerings provide traditional professional indemnity, products liability, public liability, clinical trials and medical malpractice covers, but many clients are faced with new risks; such as holding many patient records without comprehensive cyber cover. Equally, many of these companies operate with novel ideas and products which will also be at risk of a third party challenging their rights in, or ownership of, IP. It is therefore important to provide protection under one policy for these developing risks.
Many research and development companies within the novel fields of life sciences lack the time to juggle multiple policies; we have therefore created a fully comprehensive package so their coverages are in one place.
Why choose Tokio Marine Kiln?
We provide cover in nearly all territories and jurisdictions excluding the USA, on a primary and/or excess basis.
Claims made trigger (occurrence available for public liability)
We welcome the challenge of providing cover for cutting edge innovation.
Our maximum line size is USD50m.
Tokio Marine Kiln is a leading international insurer with a reputation for specialist underwriting excellence, great people and innovative products. As part of one of the largest insurance groups in the world, our underwriters are empowered to assess each individual risk, to make on-the-spot decisions and to find the right solutions for our clients’ needs.
The ability to settle valid claims quickly and fairly in a human way is central to our business philosophy, and our adjusters are empowered to exercise their professional judgement to deliver an exceptional customer service.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Firm Reference Number: 204909. Registered office is located at 20 Fenchurch Street, London EC3M 3BY Registered Number: 729671. Tokio Marine Kiln is a trading name.