The Life Sciences Industry is unique in its specific exposures and the necessary insurance requirements. IPM’s expert knowledge of these exposures enables us to provide specialized insurance solutions & risk management services tailored to this class of business, which includes companies engaged in the following industries:

• Medical Devices
• In Vitro Diagnostic Products
• Biotechnology Firm
• Pharmaceutical Companies (branded and generic)

CLINICAL TRIALS
Liability coverage is a necessity for manufacturers of medical devices or pharmaceuticals for injuries resulting from product tests on humans in clinical trials. Coverage can be purchased on a per-trial basis, or be included with a Products Liability policy. Coverage is available worldwide, and IPM can assist companies conducting trials in Europe where there are legal requirements to obtain policies through a local admitted carrier. Our insurers also offer policies that conform with “no fault compensation laws” as needed.

 -Please click here to download a Clinical Trials Application-

PRODUCTS LIABILITY
Products Liability insurance provides coverage to manufacturers and distributors for bodily injury and property damage resulting from products sold. IPM works with a number of insurers to provide the broadest available coverage for each insured, including companies in high risk categories.

 -Please click here to download a Products Liability Application-

PROFESSIONAL LIABILITY
Professional Liability/Errors & Omissions coverage is available for the following Life Science-related industries:

• Clinical Research Organizations
• Manufacturers of Medical Software