An innovative insurance product that allows companies in the R&D chain to cover their unique risk exposures.
To provide a solution for your clients in the Life Science R&D arena,
JH Insurance have developed a highly competitive product providing Comprehensive Package Insurance with Lloyd's of London an 'A' Rated (AM Best's) Carrier.
This is an innovative insurance product that allows companies in the R&D chain to cover their unique risk exposures in the context of their business and funding models.
Companies in the R&D chain, including:
- Drug developers
- Contract Research Organizations (CRO)
- Contract Manufacturing Organizations (CMO)
- Contract service providers
We are currently offering this product to a selected number of Agents and as such would like to introduce you to some of the features of the program.
- 15% commission
- Available nationwide
- 90% of quotes provided within 48 hours
- Damage to R&D property
- “flexible first loss” business interruption cover
- Third Party Liability
- Products Liability
- Errors & Omissions
- Ideologically motivated attacks
INDIVIDUAL COVERAGES AVAILABLE SEPARATELY
DAMAGE TO R&D PROPERTY
Traditional “fire & perils” policies only go part way to covering the potential for damage to R&D Property.
This policy goes much further, providing cover:
- At premises throughout the supply chain and whilst in transit
- With a wide definition of “stock” including documents and electronic data
- For damage or spoilage resulting from power outage, equipment breakdown,
contamination and ideologically motivated attack
- For full stock re-creation costs, including those attached to repeating
- For undamaged property when condemned by a competent authority
“FLEXIBLE FIRST LOSS” BUSINESS INTERRUPTION COVER
We recognise the importance of reaching milestones within budget and that R&D expenditure tends to ramp up in the approach to significant events such as clinical trials.
This policy therefore provides flexible and comprehensive Business Interruption cover.
- Disruption due to damage at supply chain premises, even if there is no damage to the insured’s property
- Loss or damage to stock in transit
- A first loss sum insured that can compensate for lost revenue, unproductive R&D expenditure, committed costs and project delay costs without sublimit
- No weekly sublimit
LIABILITY TO THIRD PARTIES
This policy provides broad, specialist liability cover, including:
- Product and services liability covering third party property damage, bodilyinjury and financial loss on a seamless basis ensuring no gaps or overlaps
- Clear, unambiguous cover for breach of a client contract
- Clinical trial insurance available for single trials, or on an annual multi trial basis with the cover limit separate to, or aggregated with, product and services liability
- Comprehensive general liability, including pollution and contamination, tenants' legal liability, employee benefits liability, non owned and hired auto and medical expenses
- Cover for suits brought anywhere in the world as standard
All this at very competitive prices.
To obtain a quote all we need is a completed Application Form. Life Science Application Form
JH Insurance Services
Lic # 0F19717
JH Intermediaries Ltd
One America Square, London EC3N 2LS