Pharmaceutical and BioTech Insurance

Pharmaceutical and BioTech Insurance

Insurance protection for pharmaceutical and BioTech businesses, protecting your liabilities, intellectual property, data, and other risks associated with research and development in this industry.

Speak to us:  01223 324233

Insurance policies for pharmaceutical and BioTech start-ups, pre-revenue companies, and established businesses are designed to protect against the risks unique to companies in this industry. At Alan Boswell Group, we specialise in providing comprehensive cover for BioTech, CROs, pharmaceutical companies, and more. By working with an experienced insurance broker, you benefit from tailored advice, access to a wide range of insurers, and tailored solutions that meet the specific needs of your business.

Industries we support

Supporting businesses working across all areas of pharmaceuticals and BioTech, including:

Contract Research Organisations (CROs)

Contract Manufacturing Organisations (CMOs)

BioTech

Pharmaceuticals

Nutraceuticals

Clinical research & trials

Genomics & gene therapy

Diagnostics

What is pharmaceutical and BioTech insurance?

Pharmaceutical and BioTech insurance is specialised cover designed to protect companies in the life sciences industry. Cover includes protection for clinical trials, product liability, intellectual property, regulatory compliance, and research and development activities. It protects your business against financial losses due to legal claims, product recalls, or project delays.

Why do I need insurance for my pharmaceutical or BioTech business?

From clinical trial liabilities and product recalls to intellectual property disputes and regulatory compliance issues, these risks can lead to significant financial losses and operational disruptions. Insurance ensures that your research, innovations, and operations are safeguarded, allowing you to focus on advancing your business without the worry of unforeseen events and financial implications. Insurance also provides your investors with peace of mind, knowing your risk management is robust in a highly regulated industry.

The Alan Boswell Group Difference

At Alan Boswell Group, we recognise that the work our clients do in the pharmaceutical and BioTech industry is highly specialised, requiring an insurance partner who truly understands their needs—not a one-size-fits-all policy from a comparison site. With extensive expertise in this sector, we offer tailored insurance solutions designed to meet the specific challenges faced by pharmaceutical and BioTech companies.

Our Cambridge office is perfectly positioned to support businesses in this industry, providing in-house claims management and expert reviews of contracts, investment agreements, and NDAs, along with tailored insurance programmes. We offer cost-effective solutions with access to a wide range of markets at every stage of your company’s growth—something online insurers can't match. Whether you’re operating in the UK or expanding globally, our insurance programmes safeguard your assets and provide peace of mind for you and investors.

Insurance advisers for life insurance at Alan Boswell Group

How our customers rate us

Ian is a very professional broker who gets us the best insurance deal every time!

Shakiba, Co-Founder - Mitra Bio

How we support pharmaceutical and BioTech 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.

Pharmaceutical and BioTech 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:

Public liability

Available with a range of limits and with extensions to accommodate product liability exposures for both prototype products and established products.

Business interruption

A range of flexible loss limits to accommodate gross profit and revenue, R&D expenditure, R&D income, and increased cost of working.

Intellectual property cover

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

Cyber liability

Important cover for BioTech companies as patient data may be stored, protecting you against legal claims due to data loss or theft.

Employers' liability

Protection for your liabilities to your employees with a standard £10m limit.

Professional indemnity insurance

Available with worldwide cover and a range of limits.

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