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Mercantile Insurance Brokers: Life Science Insurance Brokers

Life Science Insurance Brokers with access to global insurers for your products and trials.

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Pharmaceutical Insurance

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

  1. 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. 
  2. 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.
  3. 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 devices
    How 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

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