Call us today. Ph: 1300 310 467
Mercantile is a market leader in this very unique but important industry. Widely regarded as one of the most complicated and risk exposed to a broker that is not comfortable or experienced in the area, it is important you engage a brokerage that has experience and understanding of your operations otherwise key covers will be missed. A significant issue seen by our brokers when advising on existing policies clients may already have is where brokers have not adequately explained to clients the significant differences between insurers and their respective policies. Life science specific wordings can differ very considerably in how they address or do not address certain key areas of risk including personal injury, vicarious medical malpractice and errors and omission financial loss. Finally there is the considerations around USA coverage and the exposures of contract indemnities. This is not a area of insurance for the unsure or inexperienced which is why its worth contacting Mercantile for a review and quotation tender for your insurance programme.
Industries
Pharmaceutical Manufacturers
Contract Manufacturers
Distributors
Start Ups
Pharma Logistics & Storage
Pharmaceutical Importers
License Holders
Biotechnology Companies
Veterinary
Clinical Trial Logistics
Nutraceuticals
Health Supplements
Life Science Insurance Cover Options
Personal Injury Liability
Property Damage Liability
Errors & Omissions (Pure Financial Loss)
Clinical Trial Liability (incl no fault compensation guidelines)
Product Recall
Products Liability incl injury
Product Recall
USA Coverage
Non Payment
IP & Privacy
Vicarious Medical Malpractice
Product Errors & Omissions
Contractual Liabilities
Management Liability incl D&O
Cyber Insurance
Property Fire and Theft Insurance
Transit Insurance
Machinery Breakdown incl Spoilage to Temp Controlled Drugs
Claims Examples
- A company provides advice or services to a drug sponsor that is found to have been an error or omission that caused a clinical trial to be rerun. Loss: Direct costs resulting from the error including cost of rerunning a very expensive trial.
- A clinical trial is not run to the protocols or consent forms and participants are injured as a result. Claims are made for compensation under no fault negligence compensation guidelines.
- Drugs you are storing in your warehouse are incorrectly labelled or recorded in your system and are delivered to the wrong customers causing injury or financial loss.
Call us today. Ph: 1300 310 467
- Why women are more likely to have dodgy hip implants or other medical devicesHow an implant is designed, tested, regulated and discussed with patients tends to disadvantage women. It’s time that changed. Source: Why women are more likely to have dodgy hip implants or other medical devices