Clinical Trial Insurance

Clinical Trial Insurance

Clinical trial insurance protects trial organisers and participants, providing cover for legal liability and compensation payouts.

  • Protection for trial organisers and participants
  • Compliant with applicable regulatory requirements
  • Legal liability and no-fault compensation cover
Speak to us:  01223 324233

Our clinical trial insurance packages protect medical research businesses from the evolving risks in this sector. From pharmaceutical and BioTech companies to contract research organisations (CROs) and trial sponsors, we provide tailored cover to protect your business, researchers and trial participants.

Industries we support

Supporting businesses working across all areas of clinical trials, including:

Pharmaceutical & BioTech

Contract Research Organizations (CROs)

Veterinary medicine

Nutrition & dietary

Cosmetics & dermatology

Genomics & gene therapy

Healthcare

Academic & university research

What is clinical trial insurance?

Clinical trial insurance is designed to protect businesses that conduct clinical trials as part of their operations, such as pharmaceutical and BioTech companies, and contract research organisations (CROs). Policies provide cover for the specific risks associated with conducting trials, including participant injury, legal liabilities, and regulatory issues. It ensures that your business is protected from potential claims or lawsuits arising from adverse events or trial-related issues.

Why do I need insurance for clinical trials?

Insurance is an important aspect of risk management for companies that conduct clinical trials. Policies cover potential claims related to participant injury, adverse reactions, or legal disputes over trial outcomes. Without appropriate cover, your business could face significant financial and legal consequences, disrupting you from the day-to-day running of your business. Clinical trial insurance protects your company’s assets and reputation, allowing you to focus on innovation.

The Alan Boswell Group Difference

With extensive experience in this sector, we offer bespoke insurance packages that address the specific risks associated with conducting clinical trials. Our Cambridge office enables us to provide in-house claims management and expert reviews of contracts, clinical trial agreements, and regulatory compliance, ensuring every aspect of your business is safeguarded.

We recognise the complexities of operating in a highly-regulated global environment and provide comprehensive cover for clinical trial liabilities, participant protection, and operational risks. Whether based in the UK or expanding internationally, our tailored insurance packages are designed to protect your clinical trial business and provide peace of mind for your business and investors.

Alan Boswell Group staff member giving  giving advise on clinical trial insurance

How our customers rate us

Excellent experience. John goes over and above to get the best for his customers, he makes sure he understands exactly what is needed. I do not believe we would get a professional such as this anywhere else.

Lynne - Liability Insurance

How we support clinical trial businesses

Contract review service

We provide supplier and commercial contract, investment agreement, and NDA reviews, ensuring you understand your exposures and how you can protect your business.

In-house claims team

Our in-house claims team provides quick and hassle-free claims processing, ensuring you are supported throughout the process to reach a prompt and fair resolution.

Global expertise

Whether you’re a newly incorporated business registering in the US or an established multinational business, we understand global legal and regulatory jurisdictions, support your compliance, and protect your exposures.

Access to a wide range of insurers

As an independent broker, we have access to a wide range of insurers. This means we can search the market for an insurer that really understands your business, ensuring appropriate protection for your risks.

Cost-effective solutions

We offer tailored insurance packages designed specifically for start-ups and pre-revenue companies, providing affordable cover that can scale as your business grows.

Regular reviews

We know that businesses in the life sciences industry evolve quickly; by holding regular reviews with our clients, we can adapt your insurance to meet your current exposures.

Key business milestones

We have extensive experience guiding businesses through investment rounds, IPOs, mergers, acquisitions, and sales, and provide insurance packages that ensure your company is fully protected at every critical stage of growth and transition.

Professional connections

Using our extensive experience in the life sciences and technology industry, we’ve built up a network of trusted relationships with other professional services, including legal, financial, and investment firms.

Clinical trial insurance in detail

We have access to a range of specific policies to help companies like yours get the best insurance. Your policy could include:

Employers' liability

Cover for liability to employees for claims of injury or damage. Standard limit of £10m.

Professional indemnity insurance

Cover for errors or omissions relating to the design, execution or reporting of the trial.

Product liability

Including cover for medical devices and vaccines.

Medical malpractice

Protection for claims of negligence or malpractice of staff involved in the trial.

Clinical trial liability

Protection against claims of injury or adverse reaction from trial participants.

Intellectual property insurance

Protects from legal costs related to disputes over patents, trademarks, copyrights, or trade secrets.

Business interruption

Protection against income loss and operational expenses due to disruptions caused by unforeseen events, such as natural disasters or equipment failures.

Public liability

Financial protection against claims from third parties for injuries or damages that may occur as a result of the trial activities, ensuring that any legal costs or compensation payments are covered.

Get in touch

Whether you need a quote, have a general enquiry, want to register a claim, or talk it through over the phone, we're here to help.

Speak to us:  01223 324233
Kate Rhodes
Kate Rhodes

Client Director

Josh Simpson
Josh Simpson

Account Executive

Fraser Confrey
Fraser Confrey

Account Executive

Steve Munday
Steve Munday

Account Executive

Phil Thorpe
Phil Thorpe

Client Director

Kate Rhodes
Kate Rhodes

Client Director

Josh Simpson
Josh Simpson

Account Executive

Fraser Confrey
Fraser Confrey

Account Executive

Steve Munday
Steve Munday

Account Executive

Phil Thorpe
Phil Thorpe

Client Director