Insurance for Biomedical and Life Science Businesses

Tailored cover for pharmaceutical and biotechnology companies

Compare Insurance Quotes for BioMed and BioTech Firms

According to UK Government statistics biomedical and life sciences sector in the UK generates £52bn per annum and leads the world in pharmaceutical and biotech innovation.

Our specialist BioMed and Biotech firms can be tailored to your specific activities. One of our dedicated insurance advisors will take their time understanding your specific risks and activities before comparing quotes from the UK’s leading life science insurers.

What Type of Biomedical or Life Science Businesses Can You Cover?

We can cater for a diverse range of firms from small start-ups to established SME players. Typical businesses we have covered in the biomedical and life science sector include:

Biotechnology firms
Dietary and wellbeing supplements
Laboratory instrument manufacturers and developers
Medical device manufacturers and developers
Medical equipment manufacturers and developers
Medical food developers
Pharmaceutical firms
Research and Development (R&D) firms

Need Specialist Life Sciences Insurance?

SPEAK TO ONE OF OUR LIFE SCIENCES INSURANCE GURUS...

OR CALL US ON 0330 1240730

BioMed and BioTech Policy Cover

  • Specialist cover for all types of Life Science or Biotech companies
  • Insurance for Research and Development (R&D)
  • Contamination, radioactive or environment cover
  • Public Liability and Products Liability Insurance
  • Cover for clinical trials up to £10m
  • Employers Liability to protect your legal responsibilities for employees
  • Professional Indemnity and Management risks (including Entity defence)
  • Intellectual Property insurance including breach of patent
  • Property Protection for buildings, contents, machinery and specialist lab equipment
  • Malicious damage and business interruption protection
  • Fidelity Cover (theft by employees)
  • Laptop, tablet, mobile phone or portable equipment
  • Legal Expenses, Travel & Personal Accident options

Why Insync for Life Science?

  • We compare prices and business cover from our panel of leading pharmaceutical and biotech insurers
  • Instant quotations - cover and policy documents in minutes
  • Flexible cover & monthly payments – just pay for the sections you need
  • Expert advice from life science insurance specialists
  • 24 Hour Claims Helpline
  • Personal – Digital servicing AND your own dedicated insurance professional
Biotech, Biomedical Insurance - Claims Example
Client is involved in development of a new muscle relaxing agent. During the clinical trial a number of participants suffered an unforeseen skin reaction.
What’s the Difference Between Standard Business Insurance and Life Science Cover?
Whilst standard business insurance will provide basic property and liability requirements to cover equipment and legal liabilities such as public and employers liability, it does not extend to cover some of the core risks for any biomedical or biotechnology firm.

Clinic trials are a necessity, but they are not without risk and are essential to a life science insurance programme. Research and Development programmes are also extensive and without adequate insurance protection would leave you firm open to significant financial risk.
Insync Insurance Solutions Ltd
9 Albany Park, Cabot Lane
Poole, Dorset BH17 7BX

t. 0330 1240730
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© Insync Insurance Solutions Ltd 2018 All rights reserved. Insync Insurance Solutions Ltd is authorised & regulated by the Financial Conduct Authority. Our registered office is Midland House, 2 Poole Road, Bournemouth, Dorset BH2 5QY and we are registered in England under company number 08810662. Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service Exchange Tower, London, E14 9SR | Tel: 0800 023 4567 or 0300 123 9 123 | www.financial-ombudsman.org.uk