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Life Sciences Insurance

Interest in health and nutrition-related products is on the rise, making nutraceuticals an exciting and emerging industry. But just like any company that manufactures or distributes products, nutraceutical companies are exposed to a range of risks, from products causing bodily injury to products being recalled for various reasons.

The manufacture and sale of medical devices is a huge responsibility with companies facing a complex set of risks such as injury to a user due to defective design or mislabelling of the product, or perhaps the potential for patent litigation.

Why you need life sciences insurance

Life science organisations face a variety of exposures throughout the lifecycle of their business, from research and development, to trials, to the manufacture and sale of their products.

These include developing their own drug or technology, selling a product to be used in R&D or providing a service to companies requiring assistance in the development of their product.

What does life sciences insurance cover?

We have access to bespoke policies that offer tailored cover for the complex risks faced by organisations who import, develop or manufacture devices, drugs or supplements, including the following areas.

Research and development

  • Drug development
  • Medical device development
  • Consultants
  • Contract research
  • Clinical research
  • Pre-clinical testing services
  • Analytical testing services
  • Clinical trials
  • Contract manufacturers
  • Site management
  • Placement of scientists as contractors
  • Software application used for scientific research
  • Placement of scientists as contractors

Import, manufacture or distribution of medical devices

  • Most products, both invasive and non-invasive, other than mesh, cosmetic devices,contraceptives or products used for reproductive use
  • Orthopaedic implants other than hips
  • Infusion devices
  • Cochlear implants
  • Hypobaric chambers
  • Contract Manufacturing Organisations
  • Companies renting, servicing or maintainingmedical equipment

Dietary supplements, cosmeceuticals, vitamins, supplements, sports nutrition and related consumable products

  • Nutraceuticals
  • Cosmeceuticals
  • Herbs and botanicals
  • Sports nutrition
  • Supplements
  • Vitamins and minerals
  • Energy drinks
  • Homeopathic products
  • Personal care products
  • Pre-workout formulas
  • Related clothing and accessories
  • Weight loss and weight gain products

Features of our life sciences insurance

Spoilage of perishable stock cover

Environmental conditions can cause unexpected damage to stock. Policies can cover remanufacturing the stock in the event of damage as well as subsequent business interruption for lost R&D expenditure and contractually committed costs.

Transit of stock

During development, stock may frequently be moved between an insureds site and that of its supply chain partners. We can arrange cover for stock at fixed locations and whilst in transit for both material damage and business interruption.

Business interruption

We can arrange flexible first loss cover, which means our policy responds to the first insurable interruption up to the full limit, so you only have to purchase one limit.

Financial loss

We can arrange cover for costs associated with an unintentional breach of contract, or an accidental or negligent act or omission from the providing of services.

Patent defence

A patent defence extension can cover the costs associated with defending your position.

Products liability

Protection includes cover for accidental bodily injury and property damage arising out of any material, finished drug product, laboratory consumable or equipment used for research purposes.

Bodily injury and property damage

Non-product or service-related bodily Injury and property damage is key to any business. Cover can protect you against legal expenses and compensation claims made by third parties.

Clinical trials

Clinical trials are one of the most important phases in R&D. Should a research subject be injured, our policy will compensate them on a no-fault compensation basis per local statutory guidelines.

Cyber and privacy

Policy coverage includes protection against damages following an unintentional breach of confidential information, including costs incurred should you unintentionally reveal personal data or suffer a first party financial loss should systems be compromised.

Product recall

The safety of products is central to the long-term success of any business, but products can be unintentionally compromised. We can organise cover for product recall costs arising from safety critical errors made during production, or where a government authority has ordered or suggests a product be recalled from market.

Malicious product tampering and extortion

Cover for recall costs following malicious tampering or alteration by an employee that has or is expected to cause a bodily injury, as well as bodily injury that may result from a cyber-attack. Cover is also provided for the reasonable sums you may incur as a result of product extortion demands made as part of a threat to tamper with your products, wherever they are in the supply chain.

Global life sciences cover

Worldwide jurisdiction available and commonly as standard.

Additional coverage enhancements available

  • Intellectual property
  • Directors and officers
  • Legal expenses
  • Additional insureds for landlords / managers / lessors of premises / lessor of leased equipment
  • Vendors’ waiver of subrogation
  • Vendors as additional insureds
  • Trade show organisations as additional insureds
  • Primary non-contributory language with respect to additional insureds
  • Professional services extension for named services
  • Costs in addition

Get a life sciences insurance quote

Premiums start from just £275, so talk to us today.

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Coronavirus (Covid-19) – Update for Towergate customers


During the COVID-19 Coronavirus crisis, we want to reassure our customers and partners that we are following UK Government guidance,
and as a result our national offices are closed to both safeguard the health of our employees and our ability to look after our valued clients.
Where possible, our employees are working from home and we are still fully able to support with renewals, new cover requirements and
claims guidance and support. This includes giving our colleagues the ability to work from home or alternative locations,
which we hope will limit the disruption and enable you to speak to us for advice and support should you need it.
Read more