Whether an organization specializes in clinical research and development or manufactures medical devices or pharmaceuticals, they need an insurance carrier that understands their unique risks. At CNA, our Life Sciences team leverages over 30 years of industry experience to provide tailored coverages that meet the specific needs of policyholders.
Our insurance for life sciences organizations covers a range of areas, including manufacturers, distributors, and wholesalers involved in pharmaceutical and nutraceutical products; biotechnology and biosimilar products; medical devices; research, development and clinical trials for pharmaceutical drugs, biologics and medical devices; contract research organizations; university-based medical centers and other independent facilities engaged in clinical trials.
We understand how the product development process creates a unique set of liability exposures for life sciences companies. Our customizable CNA Paramount® coverage package and the Small Business CNA Connect policy for life sciences addresses property exposures, such as lab animal resources and refrigerant contamination. An expansive range of products responds to your less specialized, though no less important, coverage needs such as Premises Liability, Commercial Auto and Workers' Compensation. Also, the Life Sciences Work-Hazard Product Liability policy provides coverage for bodily injury and property damage arising out of a product work hazard claim. CNA is one of a handful of carriers to offer this coverage on an admitted and non-admitted basis. And we don't stop there. We can expand coverage for unique risks to provide Professional Liability with Mitigation Expenses, among others.
Our years of active engagement with firms in the rapidly evolving field of healthcare product innovation give us expertise beyond underwriting. As one of the largest U.S. insurers in the life sciences market, we also bring extensive Risk Control and Claims services that ensure policyholders get the appropriate level of service.
OUR APPETITE
Our underwriting appetite for life sciences organizations includes:
