Insurance for the Life Sciences industry
Why choose Zurich for Life Sciences insurance?
In the dynamic life sciences industry, unique exposures and risks can be a constant challenge. At Zurich, we recognize these complexities and have built a dedicated team of underwriters, many of whom bring firsthand experience from within the life sciences sector. This deep understanding allows us to accurately assess and address the distinct risks faced by life sciences companies. Coupled with our robust financial strength1, global reach, loss-control expertise, and broad business appetite, Zurich is well-equipped to provide you with the confidence and support needed so you can focus on achieving your business goals.
We offer:
- Dedicated, experienced underwriters
- A consultative approach to help identifies risks and provide the right mitigation strategy
- Broad appetite
- Coverages designed for life science companies
- Robust Risk Engineering capabilities driven by life science specialists
- Specific life science tools to help provide quicker turnaround times on risk transfer options
Targeted classes for Life Sciences
- Biological products
- Healthcare Technology
- Medical Devices
- Pharmaceuticals
- Research and Development
- Contract Research Organizations (CROs)
Not a market for Dietary supplements, cannabis and CBD
Life Sciences resources
Insurance solutions for Life Sciences companies
Zurich’s broad all-risk property form addresses many of the exposures life sciences companies face.
- Business income coverage contemplates FDA recertification requirements
- Options for Business Income for Gross Earnings or Gross Profit ·
- Options for milestone payment coverage and transitional business stages
- Coverage available for research and development property, including research animals and prototypes
- Specific coverage for material damage/loss of production animals used in manufacturing drug or device components
- Specialized coverage endorsement provides life science specific options, including coverage for contamination, sudden and accidental change in environment, and condemnation of undamaged property
- Advertising Injury/Personal Injury included
- Supplemental endorsement for GL extensions
Zurich provides options designed to get your workforce back to work quickly and safely.
- Level and variable dividend options
- Loss-sensitive deductible programs available
- Flexible payroll reporting options
- Products-completed operations
- Errors and omissions
- Professional services liability
- Human clinical trials
- Follow form, true claims made
- Non-admitted coverage
- Limits up to $10 million
Offering diverse program structures, broad coverages and a creative approach, we can grow with you as your multinational insurance needs evolve. And our financial strength and expansive global network ensure we will be there when you need us.
- Coverage for multinational locations available via Zurich’s extensive multinational network of more than 200 countries and territories
- Exporter solutions policy available for companies without foreign subsidiaries
Meet our Life Sciences industry specialists
Ayrushi Patel
Senior Life Sciences Underwriter
New York Metro, Long Island, New Jersey
ayrushi.patel@zurichna.com
Ready to do business, but don't have a broker? Find a broker
Risk Engineering
Through Zurich Resilience Solutions (ZRS), we provide specialized insights and tools to support our customers with solutions addressing traditional and evolving risks – above and beyond insurance.
Learn more
Claims Services
Zurich Claims specialists are strategically deployed in the U.S. and around the globe to help customers mitigate and respond to loss events, and to gain insights into becoming more resilient against future losses.
Learn moreFAQs
Companies that may benefit from life sciences-related insurance include those that contribute in any way, either as an OEM, contract researcher or manufacturer, supplier, or vendor of:
- Research and development of life science products
- Pharmaceutical preparations
- Biological products
- Surgical and appliance supplies
- Dental equipment and supplies
- X-ray apparatuses and tubes
- Electromedical equipment
- Ophthalmic goods
Companies that engage in life sciences activities often consider:
- Property insurance
- General Liability
- Workers’ Compensation insurance
- Auto Fleet coverage
- Umbrella insurance
- Products Liability insurance
- Travel protection for employees traveling abroad
- Those that have operations outside the U.S. may need to consider a master program or other approach for their international operations
