Life Sciences Division

Life Sciences

The Life Sciences Industry is unique in its specific exposures and the necessary insurance requirements. Our expert knowledge of these exposures enables us to provide specialized insurance solutions and risk management services tailored to this class of business, which includes companies engaged in the following industries:

Medical Device Manufacturers and Distributors, including:

  • Diagnostic, imaging and monitoring equipment
  • Therapeutic and surgical devices
  • Implants
  • Dental products

Pharmaceutical Companies (branded and generic)

Nutraceutical Companies

Medical software

Healthcare product development organizations (CRO/SMO)


Products Liability and Professional Liability

Products Liability insurance provides coverage to manufacturers and distributors for bodily injury and property damage resulting from products sold. PRS works with leading insurers worldwide to provide the broadest available coverage for each insured, including companies in high risk categories.

Professional Liability, also known as Errors & Omissions, coverage is available for the following Life Science-related industries:

  • Contact Research Organizations and Site Management Organizations
  • Contract Manufacturers
  • Manufacturers of Medical Software

It is often difficult to obtain proper coverage for the specific exposures of these companies, which may not be protected under standard policies. Our expertise in the Life Sciences industry enables us to evaluate the risks involved and provide the necessary coverage. Please contact us for additional information.

Life Sciences Products & Professional Liability Application -


Nutraceutical Application -


Clinical Trials

Liability coverage is a necessity for manufacturers of medical devices or pharmaceuticals for injuries resulting from product tests on humans in clinical trials. Coverage can be purchased on a per-trial basis or be included with a Products Liability policy. Coverage is available worldwide and PRS can assist companies conducting trials in territories where there are legal requirements to obtain policies through a local admitted carrier. Our insurers offer policies that conform to “no fault” compensation laws and other local regulations. In most territories, quotes for local policies can be obtained within 48 hours of receiving underwriting information.

Foreign Clinical Trials Application -


Human Clinical Trials Worksheet -


Ocean Cargo/International & Domestic Transit

In today’s marketplace, where precious cargo crosses the globe at a fast pace, managing it is crucial, whether transporting life-saving cancer drugs going to various trial sites or circuit boards being sent from overseas. We specialize in Worldwide Transportation Coverage for Life Sciences and Technology companies including inland transit and warehouse to warehouse coverage. We can cover all risks of direct physical loss or damage with special enhancements for these industry sectors. Enhancements include coverage for spoilage and deterioration due to delay, as well as, broader coverage for FDA or similar governmental protocols, good manufacturing protocols, and product integrity.

Cargo Application -


Risk Management

PRS is your one source for not only all the commercial insurance needs of your firm but also your one source for all the skills and resources needed to assist you with risk management services that Life Sciences companies need in the highly regulated world of medical device manufacturing. With well-established strategic alliances in the regulatory risk management, product liability prevention, human factors and industrial hygiene, we provide complete turnkey risk management services at whatever levels your needs may be.

We take an interdisciplinary approach to risk management, assessing risk throughout your enterprise & bringing specific services to your operating business units where they can be integrated into your processes. We reject the traditional risk management approach where an insurance company or broker has a “one size fits all” approach to risk management. Our interdisciplinary approach means that we have worked inside medical device companies and for their insurers and know what works, what doesn’t and what practices are critically important to control product liability and operational risks to achieve insurance cost control and product user and patient safety.

For questions or to send submissions, please contact is at

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