Life Sciences Insurance

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Specialist life science insurance for labs, CROs, medical devices, health tech,  pharmaceuticals & beyond Our life sciences insurance team is a highly specialist practice, advising clients from bioscience, biotech and bioinformatics to vaccine and drug development, contract research organisations and larger pharmaceutical businesses. Our wealth of experience and focus on risk management advice has earned Partners& a reputation as one of the leading life science insurance brokers in the United Kingdom. Find out more in our life science brochure.

Clinical trials

If your company is involved in medical research programmes, clinical trials insurance is an essential part of your risk management package. It’s designed to provide protection for your participants as well as your business should something go wrong.

Start-ups & spin-outs

Operating a start-up business in the life science, technology, pharmaceutical, healthcare or medical devices industry is challenging. These are specialist industries with unique challenges. Having the right insurance cover in place so that early-stage research can take place is crucial.

Key Person cover

The brains behind the science can be your most valuable asset – and one that your business needs to protect. Investors will usually insist on key person cover being in place for the key individuals before committing vital funding.

Scientists in a lab

Why do you need specialist life sciences insurance?

The life sciences industry is fast-paced, global and borderless, exposing you to new risks and liabilities, often in unfamiliar places – even legislation is struggling to keep pace.

The right insurance advice can make the difference. Does your insurance adviser really ‘get’ what you do you? Do they understand the value in your research and development (R&D) materials – the months of blood, sweat and tears invested in critical cell lines or a beautiful piece of code?

Insurance is traditionally based on precedent, but with cutting edge scientific endeavour there may be no precedent. That’s why it’s critical to work with a specialist life science insurance adviser who really understands your business model and has access to underwriters at specialist life science insurance companies and policy wordings.

Whether you’re seeking insurance for labs or clinical trials, R&D stock insurance or key person insurance for your investors, our experienced life sciences team is here to help build the stability, resilience and security to cope with unforeseen events.

We work with

BPE Solicitors

BPE Solicitors

Who we support

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Medical devices, medtech & healthtech

Companies that develop, manufacture and distribute equipment, devices, technologies and health information systems are transforming health care. From prosthetics to drug delivery systems and healthcare technology, the challenges and risks faced in this sector are complex. We speak your language.

Research & Development (R&D)

The R&D sector is the key to breakthroughs in drug discovery, pharmaceuticals and medical devices. Bringing ideas to life and launching a new discovery to the commercial world needs support throughout this journey. We can help with specialist insurance and risk management support right from the start.

Pharmaceuticals

The pharmaceuticals industry is highly dynamic and continually evolving, as are its risks and insurance needs. Add the rigorous regulatory requirements into the equation and it’s easy to understand why it’s such a complex world. Getting the right risk management and insurance advice has never been more important.

Biotech and bioscience companies

The UK leads the way in biotechnology. Delivering ground-breaking treatments, therapies and diagnostics to improve the lives of patients, the bioscience world is vital for all of us. Our specialist life science insurance team understand the challenges you face.

Usual types of cover

With the surge in cyber risk and counterfeit drugs, the rapid Covid-fuelled digitisation of healthcare and the “war for talent”, insurance is just a part of managing risk in the life science sector. We work with our clients to provide the right advice for them, taking a holistic approach that equips them with the insight to make informed decisions.

Providing cover for your business contents, laboratory equipment, computers and work in progress.

Protection for loss of research expenditure or increased costs of working following loss or damage to your business assets.

Employers Liability is a statutory requirement and covers both your legal defence costs and legal liability to pay compensation to employees injured at work. Public Liability covers both your legal defence costs and your legal liability to pay compensation to third parties for bodily injury or damage to their property.

If your business is involved in medical research, medical devices or drug discovery, clinical trials insurance is an essential part of your risk management package.

Clinical trials liability insurance covers bodily injury (subject to policy terms/conditions) to a research subject due to their participation in a clinical trial.

Directors, company officers and senior managers can be held personally liable for the actions and decisions they make on behalf of the company. D&O can provide cover for legal advice and cover defence costs as well as any compensation costs that arise from an unsuccessful defence.

Intellectual property is an intangible business asset that often helps set companies apart from their competitors. Unfortunately, few businesses know precisely what their IP is worth, or how to protect it.  IP insurance provides cover for claims alleging infringement of IP rights, including patents, trademarks, copyright and trade secrets.

Key Person insurance protects against the loss of profits that could result from the critical illness or death of a key individual (often a director or the brains behind the business), by paying out a cash sum so that the business can continue to operate.

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Meet the team

Hanna Beaumont

Partners: Science & Technology

Paul Monaco

Client Director
Elaine lamb

Elaine Lamb

Client Director

Bernice Morris

Client Executive

Hanna Beaumont

Partners: Science & Technology
A fellow of the Institute of Risk Management, Hanna is a specialist in life science insurance, including clinical trials liability. From start-up to IPO and international expansion, she supports clients with advice and specialist insurance programmes to build resilience into their business planning and operations. Working across bioscience, CROs, health tech and pharmaceuticals, Hanna invests significant time working with early-stage enterprises to keep them robust and sustainable through the pressures of high growth.

Paul Monaco

Client Director
Paul has almost 30 years in the insurance industry, 22 years of which has been as an insurance adviser, specialising in providing clients with specialist advice particularly in life science and health tech.

Elaine Lamb

Client Director
Elaine Lamb specialises in arranging seamless insurance portfolios for transatlantic life science and health tech businesses.

Bernice Morris

Client Executive
With 30 years’ experience in insurance, Bernice works with science and tech businesses, developing tailored insurance solutions for start-ups seeking investment to large corporates requiring a global solution. Her clients love her professional approach and quick problem-solving.