Life Sciences

Chubb is a specialist insurer to the Life Science sector

As a leading insurer of Life Science companies, we have teams of specialist underwriters, loss control engineers and claims handlers worldwide. We have pioneered tailored insurance products for this sector for more than a decade and now insure many of Europe's pre-eminent Life Science companies. Our products are tailored to meet the complex and constantly evolving needs of our Life Science customers.

What do we mean by "Life Science"?

• Biotechnology - through the use of bio-science and technology, these companies develop and supply products and services, having a therapeutic benefit, for use in medical, pharmaceutical and other process technologies
• Pharmaceuticals - Tier 2 and 3 companies
• Medical Devices and Equipment - including diagnostic, imaging, monitoring, therapeutic, surgical implants and prostheses. Plus testing, processing, research and clinical laboratory equipment and software
• Product Development Organisations - including Contract Research Organisations, Site Management Organisations and Contract Manufacturing Organisations
• Neutraceuticals - including minerals, herbal and other medical foods and products that have a therapeutic benefit
• Veterinary Products

Our Life Science package policy offers solutions for the smallest start up company and addresses the more sophisticated needs of a mature biopharmaceutical or medical device company. Our cover is broader than many of the policies offered by our competitors. What is more, we can respond quickly with insurance documentation for clinical trials to prevent delays and offer the standard of cover required wherever the trial is being carried out. Traditional and complex risks can be covered at a local and multinational level.

We work closely with industry associations and offer extended cover to BIA members and ERBI members.

Our approach is simple, comprehensive and flexible. To find out more about Chubb and our approach to the life science sector contact your insurance broker or email us.