{"id":12093,"date":"2017-06-02T15:04:20","date_gmt":"2017-06-02T19:04:20","guid":{"rendered":"http:\/\/www.lawleyinsurance.com\/?page_id=12093"},"modified":"2022-04-02T21:34:25","modified_gmt":"2022-04-03T01:34:25","slug":"life-science-insurance","status":"publish","type":"page","link":"https:\/\/www.lawleyinsurance.com\/staging\/9446\/business-insurance\/industry-specialties\/life-science-insurance\/","title":{"rendered":"Life Science Insurance"},"content":{"rendered":"

Safeguarding Your Life Saving Efforts With Specialized Life Science Insurance Protection<\/h2>\n

Our accomplished team of life science professionals understand your\u00a0business risks. We\u2019ve dedicated our careers exclusively to this industry\u00a0and are recognized for our contributions. We develop risk management\u00a0programs from concept to finish utilizing insurance and risk retention\u00a0options that meet your business needs, protect your business assets, help\u00a0you anticipate the unexpected and confront the many challenges that\u00a0impact your industry. With an ever-evolving regulatory and healthcare\u00a0delivery system, you can rest assured our experience, impartial advice and\u00a0unwavering advocacy for our clients will protect you to the fullest.<\/p>\n

Expertise in Specialized Exposures<\/h3>\n

Environmental Liability<\/strong>
\nDoes your company work with environmental\u00a0contaminants or pollutants?<\/em><\/p>\n

Security and Privacy
\n<\/strong>Does your organization handle any personally\u00a0<\/em>identifiable protected info of employees or third\u00a0<\/em>parties?<\/em>
\n<\/strong><\/p>\n

Human Clinical Trial Liability
\n<\/strong>Are you meeting regulatory requirements for your\u00a0clinical trials?<\/em>
\n<\/strong><\/p>\n

Product Recall & Contamination
\n<\/strong>Who is responsible for the cost of a Class 1 recall?<\/em>
\n<\/strong><\/p>\n

Laboratory Animals
\n<\/strong>Your vivarium is exposed to smoke or change in\u00a0<\/em>temperature or humidity. How will your insurance\u00a0<\/em>address the loss?<\/em>
\n<\/strong><\/p>\n

Sensitive Property
\n<\/strong>Your proprietary piece of equipment fails and there\u00a0<\/em>will be a 6 month delay to replace. How will your\u00a0<\/em>coverage respond?<\/em><\/p>\n

Ocean Cargo & Shipping
\n<\/strong>Will your typically placed program address your\u00a0sensitive shipment as well as your inventory?<\/em><\/p>\n

Reps and Warranties
\n<\/strong>You are considering an acquisition but are\u00a0<\/em>uncertain of the liabilities associated with the sale.\u00a0<\/em>Do you gamble on the risk or insure beyond the\u00a0<\/em>indemnification provisions?<\/em><\/p>\n

Products Liability \u2013 World wide
\n<\/strong>Your company\u2019s sales transcend US boarders. A\u00a0claim ensues in another part of the world. Will your\u00a0policy have the duty to defend you in that territory?<\/em><\/p>\n

Directors & Officers Liability (D&O)
\n<\/strong>It\u2019s discovered that your sales reps have been\u00a0<\/em>promoting off-label use of your product. Some or\u00a0<\/em>all of your board members were included in the early\u00a0<\/em>sales strategy reporting leading up to the allegation.\u00a0<\/em>Will your policy respond?<\/em><\/p>\n

Types of Industries<\/h3>\n
    \n
  • Biotechnology Companies<\/li>\n
  • Specialty Pharmaceutical Companies<\/li>\n
  • Generic and OTC Pharmaceutical Companies<\/li>\n
  • Contract Manufacturers<\/li>\n
  • Contract Research Organizations<\/li>\n
  • Medical Device Manufacturers<\/li>\n
  • Hospitals and Health Systems<\/li>\n
  • Long Term Care Facilities<\/li>\n
  • Academic Research Institutions\/Accelerators<\/li>\n
  • Nutraceutical Companies<\/li>\n
  • Animal-Health Product Companies<\/li>\n
  • Private Equity Firms<\/li>\n
  • Food Manufacturers and Distributors<\/li>\n
  • Cosmetics Developers, Manufacturers and\u00a0Distributors<\/li>\n
  • Chemical and Reagent Companies<\/li>\n
  • Healthcare Information Technology\u00a0Companies<\/li>\n<\/ul>\n

    Essential Coverage Knowledge in Key Markets<\/h3>\n
      \n
    • Contract Manufacturing Organizations<\/li>\n
    • Contract Research Organizations<\/li>\n
    • Medical Product Sales & Distribution<\/li>\n
    • Pharmaceutical Development and Distribution<\/li>\n
    • Medical Device Development and Distribution<\/li>\n
    • Clinical Research & Data Management<\/li>\n
    • Diagnostic Services<\/li>\n
    • Genome Synthesis and Sequencing Services<\/li>\n<\/ul>\n

       
      \n