Life Sciences

Pharmaceutical, Biotechnology, Medical Devices And Clinical Trials

Safeguarding innovation in life sciences with customised liability insurance, designed to protect your business at every stage of development.

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Life Sciences

Comprehensive Coverage for Life Sciences

Supporting Innovation with Specialised Protection

Our Life Sciences offering delivers global coverage for a wide range of risks, leveraging Lloyd’s licenses and an extensive international network. We understand the unique needs of the life sciences sector, providing tailored package solutions to support every stage of your business journey.

As part of our International Casualty division, this coverage complements our General Liability and Environmental Liability lines, with a focus on fostering lasting partnerships and delivering exceptional support. With in-house underwriting expertise and dedicated claims resources, we offer industry-specific insights to help clients navigate risk effectively and confidently.

Policy Highlights & Essential Details

Target Markets

Pharmaceuticals
Nutraceuticals
Medical devices
Cosmetics
Research and development companies
Contract research organisations
Laboratory exposures
Biotechnology companies

Capacity

CAD 5,000,000 Limit
CAD 50,000,000 Open Market Placement Available

Exclusions

Market standard exclusions
Specified drug exclusion list
Specified nutraceutical exclusion list
Specified disease exclusion list

Coverage

Public liability
Products liability
Errors and omissions liability
No fault compensation for human clinical trials
Legal liability for human clinical trials

Sub Limited Coverage

Medical malpractice extension
Product recall
Pure financial loss
Cyber

Primary & Excess of Loss Risk Appetite

Clinical trials
Biotechnology
Medical products
Medical devices
Research & development
Pharmaceuticals
Cosmetics
Nutraceuticals
Health supplements
Lab exposures
Biotechnology companies

Medical marijuana
Implantable devices
Sterilisation companies
Blood fractionation companies and blood banks

Electronic cigarettes/vapes, tobacco products/any component parts
Non-products liability healthcare/hospital exposures outside of clinical trials
Care homes
Heavy invasive permanent implants
Aesthetic implants

Global Coverage for Clinical Trial Risks

Expert Protection for Every Phase of Your Clinical Trials

Policy Highlights & Essential Details

Target Markets

Sponsors of Clinical Trials
Contract Research Organisations (CROs)
University clinical trial programmes
Annual master clinical trial

Capacity

CAD 5,000,000 Limit
CAD 50,000,000 Open Market Placement Available

Exclusions

Market standard exclusions
Our wordings adhere to the regulations

Coverage

No fault compensation coverage
Legal liability coverage
Fully compliant local language documentation provided as and where required
Ability to offer product enhancements that coincide with clinical trials exposures including Medical Malpractice, Errors & Omissions and Medical Expenses
Ability to package with the Life Science policy

Primary & Excess of Loss Risk Appetite

Sponsor liability for all phases of research (first in man/phase I, II, III and IV)
All types of clinical trials not listed in the ‘Will consider’ section
Contract research organisations clinical trial exposures
Local site exposures
Investigator led studies
University clinical trial programmes

Cell and gene therapy
Trials involving pregnancy
Trials involving children under the age of 5
Therapies targeting the brain/blood – brain-barrier/cerebrospinal fluid

Get a Quote Now!

Contact B Smart Insurance or speak with your broker to explore coverage options designed specifically for your needs.

Resources

Life Sciences

Clinical Trials

Why Choose B Smart Insurance?

Efficient Claims Processing
In the fast-moving world of digital assets, delays can be costly. That’s why our claims process is designed to be efficient, transparent, and responsive.

Innovative Products
B Smart provides innovative new insurance products that include lines that have been unavailable in Canada until now creating new revenue potential for existing books of business.

Brokers Only
B Smart never sells any insurance products direct to consumers without expert licensed broker participation.

Simplified Technology
B Smart is tech-focused to support broker efficiency and work with all major platforms to accommodate any brokerage’s specific workflows to simplify broker processes.

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