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Life Science

What should companies in the Life Science industry expect of their insurance broker?

       1. Does your insurance broker have a specialist team that fully understands the diverse, dynamic and developing Life Science                    sector?

       2. Are they able to cater for organisations / companies involved in the following:

    • Biotech
    • Nutraceutical
    • Medical Device
    • Contract Research (CRO)
    • Product Development (PDO)
    • Other support services
       3. Have they discussed tailored solutions for all elements including:
    • Your equipment and materials
    • Protecting your income including the research and development expenses
    • Potential liabilities resulting from your work
    • The management of risk
       4. Have they considered and offered a comprehensive solution to protect:
    • Your Legal Requirements
    • Funders Requirements
    • Contractual Requirements
    • Legal Liabilities
    • Your Investment
      5. Can your Broker cater for all companies throughout their evolutionary cycle from ‘start up’ to bringing the product to market?     
      6. Does your Broker have Chartered status?
    • Do they employ only qualified insurance professionals?
    • Do they offer the buying capacity of one of the UK's largest broking groups with total premium placement of more than £280,000,000
      7. Is your Broker passionate about its understanding of your sector and take genuine pride in putting the customer first?


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