Life Sciences Insurance
At the forefront of the wave of innovation.
What is Life Sciences Insurance?
Those in the life sciences industry are leading the way for medical innovation. However, while medical technology, pharmaceutical and digital health companies write their own prescription for success, they run the risk of something going wrong.
We know that businesses in the life sciences industry — like you — use expensive equipment and materials leaving you open to risks like:
Strict Regulation
Patient Injury
Supply Chain Interruption
Product or Sample Loss
Cyber Attacks
While it’s crucial to manage these risks, don’t forget about other common business issues like property damage, theft or lawsuits.
Professional Insurors has years of industry knowledge and access to the most competitive insurance programs in the U.S. allowing us to provide tailored coverages to meet specific needs of policyholders.
Who Needs Life Sciences Insurance?
Medical Technology
Medical, Surgical, Dental and Diagnostic Instrument Manufacturers
Implant Makers
Contract Research Organizations / Research Institutes
Pharmaceutical
Bio-Pharma Entities
Companies in Clinical Trials
Digital Health
Electronic Medical Record Software Developers
Healthcare & Medical Software Developers
Healthcare IT Organizations
Telemedicine Companies
Medical App Developers
Types of Business Insurance Coverages for Life Sciences Companies
Commercial General Liability Insurance
Commercial General Liability Insurance (CGL) covers your small businesses exposure to third-party claims for bodily injury, property damage, or personal injury or lawsuits.
Directors & Officers Insurance
Commercial or Business Auto Insurance provides coverage to small businesses and accommodates a wide variety of situational variations.
Cyber Liability Insurance
Cyber Liability Insurance helps protect your small business against the viciously damaging and increasingly prevalent threat posed by breaches in cyber security.
Professional Liability (E&O) Insurance
Professional Liability Insurance, also called Errors and Omissions (E&O), covers professionals with specific knowledge in a specific area and protects them against claims from their clients.
Employment Practice Liability Insurance (EPLI)
Employment Practice Liability Insurance (EPLI) provides protection for a business against claims made by current, former or potential employees for discrimination, harassment and other employment-related allegations.
Commercial Umbrella Liability Insurance
Commercial Umbrella Liability Insurance is written to cover your exposure to damages by third parties for bodily injury or property damage claims or lawsuits that exceed your limits on your underlying policies.
Worker’s Compensation
Workers Compensation (or workers comp) protects your business and employees from work-related injuries, accidents or even death.
Commercial Auto
Business or Commercial Auto Insurance coverage is provided to technology businesses of all sizes. We insure fleets from one vehicle to hundreds.
Why Insure with Professional Insurors?
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Experienced
With over 40 years in business, we have access to the most competitive insurance programs in the U.S.
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Human
Our dedicated Risk Advisors will guide you through every turn of your insurance policy and provide you with 24/7 support.
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Complete
We can provide every type of insurance coverage that your technology business will need. Contact us today to request a free quote.
