Clinical Trials Insurance

What is Clinical Trials Insurance and what can it cover?

Clinical trials insurance can provide a number of different types of cover for those who conduct clinical trials, these include public and products liability insurance, professional indemnity insurance and employers liability insurance.

The types of trials that speciality liability insurance can provide cover for are :

• Medical and Surgical Products
• Pharmaceuticals and Drugs
• Supplements and Cosmetics
• Scientific and Technical Equipment

Cover for those conducting clinical trials is provided on a legal liability basis but can also extend to incorporate a 'no fault' compensation option.

The public and products liability cover will protect those who manufacture and / or distribute these types of specialist products, and the product aspect of the cover will be provided on a 'claims made' basis and will be subject to a retroactive date.

If professional indemnity insurance is taken out then this will provide the product designers which includes those who build 'prototypes' against negligent acts, errors or omissions. The cover provided by PI would also be suitable for those who manage or report upon the outcome of clinical trials and investigations.

To provide the employers with cover then the employers liability insurance should be taken out in conjunction with the public and products liability cover.

Clinical trials insurance should be something that is very seriously considered by those undertaking the trials.

For further information and to discuss what your business may require please call Professional Insurance Agents Ltd on 01323 648000 or go to our website www.professionalinsuranceagents.co.uk to obtain further details.