Operating a start-up business in the life science, technology, pharmaceutical, healthcare or medical devices industry is challenging.
Having the right insurance cover in place so that early stage research can take place is crucial. These are specialist industries with unique challenges. You need advice from experts that specialise in this area of insurance.
Your company’s needs will be unique and determined by the nature of the business and work being carried out – which will change over time. You need a life science or technology insurance solution that is designed to meet your needs from day one – but is flexible and can be adapted as your business grows.
For any company starting out, there will be essential insurance cover needed, such as Employer’s Liability as well as Public and perhaps Product Liability. But for a life science or pharmaceutical start-up, there will often be additional requirements, such as cover for R&D, laboratory and/or computer equipment as well as key person cover for the directors or key individuals.
The risks faced by a life science, pharmaceutical, healthcare, medical device or technology company can vary greatly – especially in early phases of development. At FOCUS, we have significant experience and expertise in arranging insurance solutions for these industries, right from start up to organisations with a global presence.
We will work with you to design an insurance package to suit your specific needs from day one. As your business changes and develops, we’ll be on hand to review and amend your insurance arrangements and provide ongoing advice and solutions.
