Organizations operating in the life sciences arena face a unique risk landscape and need insurance protection designed by experts for their specific needs. The risks they face can come in many forms ranging from unsafe products and causing pollution to negligence in clinical trials. The liability on those responsible when things go wrong can be significant and the challenges are growing with an increasingly litigious world, new regulation and greater dependency on technologies. Beazley’s underwriters and claims team have a deep understanding of life sciences and have created a broad, flexible policy to meet the current and emerging needs of the sector.
Pillars of cover available on distinct product forms:
BioSecure – A flexible, innovative and client-focused approach to underwriting life science related risks. Coverages include errors & omissions liability, products/completed operations, healthcare professional liability, general liability, medical payments and medical monitoring expense coverage for both clinical trials and sold products.
NutraGuard – Drawing on extensive experience, Beazley is proactive in helping our nutraceutical insureds protect their operations worldwide. Coverage available primary and umbrella, products/completed operations, general liability, advertising/personal injury, employee benefits liability, fire legal liability, medical expenses, professional liability, errors & omissions and product recall expense. Our broad appetite of risks includes dietary supplements, personal care products, cosmetics, select over-the-counter drugs.
Canada coverage highlights:
Up to US $25,000,000
Life sciences risks present myriad exposures in need of expertly crafted coverage. Beazley offers a flexible, innovative and client-focused approach to underwriting this class of risk. In addition our dedicated healthcare claims team offers responsive claims handling to meet the needs of Insureds. We should mention how we have dedicated Wordings Specialist in order to tailor make coverage to that specific insured.
A wide range of life sciences organizations within the middle to large-sized market up to US $25,000,000 in capacity.
Worldwide
BEING BOLD
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
STRIVING FOR BETTER
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
DOING THE RIGHT THING
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
Vancouver, Canada
+1 (604) 235 3520
Email Derek
Toronto, Canada
+1 (416) 777 6204
Email FlorentinaBeazley launched its suite of Miscellaneous Medical and Life Sciences (MMLS) offerings to the Canadian Market in March 2020, building on two decades of experience writing this business in the US and London.
