Life science & biotech
Insurance for medical devices, pharmaceutical and life science businesses.
Life science risks can combine products liability, professional services, research, clinical, property and international exposures. Mercantile helps structure programs around the actual product, development stage, regulatory pathway and contractual responsibilities.
Life science risks to consider
- Medical device and medical product liability
- Pharmaceutical and biotech product exposures
- Professional indemnity and errors & omissions
- Clinical trial liability where required
- Property, stock and business interruption
- Transit and temperature-sensitive logistics
- Cyber and management liability
Product detail matters
Insurers need to understand what the product does, how it is classified, who uses it, where it is sold, the stage of development, regulatory status, manufacturing arrangements, contractual responsibilities and claims history.
International exposures
US and other overseas exposures can materially affect policy structure, limits and insurer appetite. Local-admitted insurance, jurisdiction clauses and sponsor or distributor arrangements may need separate consideration.
General insurance information only. Cover is subject to underwriting, policy terms, conditions, exclusions, limits and deductibles.