Given the nature of a clinical trial, it’s imperative that insurance cover has been approached correctly to avoid issues in the event of a claim. As well as the information above which is needed to provide a quotation for Clinical Trials Insurance, it’s important to also taking account the following factors:
The depth of detail required in order to take out a clinical trials policy can vary, and we will take the time to ensure that all necessary information is gained and understood before sourcing a solution for your insurance needs. It’s essential that the information provided is comprehensive and accurate as failure to provide the correct details can lead to the policy being void and a claim being refused.
Clinical Trials Insurance is a necessity prior to the inception of the study. As such, it’s essential to begin exploring insurance options early on in the process to ensure the right cover is provided and in the required time frame. Given the nature of clinical trials, often third parties such as sponsors and investors, will require proof of insurance cover. Failing to do so in good time or having the right cover in place can create delays to the trials process.
Extent of Cover
Clinical Trials Insurance is not offered by all brokers or providers or brokers. It’s specialist cover and therefore it’s essential to engage the services of a company that has expertise in Clinical Trials Insurance. The team at FOCUS are experts in life science and Clinical Trials Insurance and are one of only a handful of brokers that have long-standing relationships with specialist providers. This allows us to arrange Clinical Trials Insurance to provide the cover you need to meet your specific requirements.