Bespoke Insurance Solutions For OBN Members

Does your insurance adviser really ‘get’ what you do?

If you operate in the healthcare, life sciences, medical device, pharma, or technology sectors, the insurance you need is far from standard – it is specialist and requires expert advice.

OBN Supporting the Life Sciences Industry

As a member of OBN, our dedicated team is here to help you.

Focus met with us at our office to review our insurance needs and offered advice as to how we could further protect the business. The quotes were available within 2 days and we progressed to renewal of our existing business cover and took out additional Cyber insurance cover. They also offer pension and private healthcare options

Susan Ingledew, Business Support Manager, OBN (UK) Ltd

From IP to IPO, the combined strength of the experts from FOCUS and Partners& specialist science and tech team can help you protect your business.

We’re able to deliver smart, flexible, high-performance insurance and risk management solutions – with a friendly human approach, tailoring a bespoke package to your needs. We pride ourselves in taking a personal approach to arranging bespoke solutions for businesses in these challenging environments.

We keep abreast of the shifting sands of emerging risk, regulation, legislation and compliance. With this insight, we can advise you on how to keep your business safe as it grows.

With offices across the UK, we are well placed to meet your needs wherever you are located, from spin-outs and start-ups to companies with global operations. We can also create a seamless portfolio spanning your UK, European and US operations.

As a specialist with international capability, we understand the complex risks, tangible and intangible, associated with life sciences, biotechnology, ICT, electronics, cleantech and nanotechnology.

What if…

  • You’re accused of IP infringement – patents, copyrights, trademarks, domain name rights? Or your own IP is infringed? Intellectual property is the holy grail; but what if someone else claimed your idea – in India? Do you have the right IP insurance?
  • Your R&D materials are lost in a power outage? Did you ask about stock deterioration insurance?
  • A data breach lands you in court? More than half of all cyber incidents start with employees, and the average breach costs $4 million. Are your risk management processes and cyber liability insurance fit for purpose?
  • Your clinical trial goes pear-shaped? Nearly 25% of US class actions in 2019 were against Life Science companies*. Where do you start with clinical trials liability? We’ll review your protocol and patient consent forms to secure the right protection to satisfy the ethics committee.
  • Your supply chain is compromised? Business interruption, including supply chain failures, remains the top peril for companies worldwide – and Brexit, Covid and climate-related natural disasters are adding to the risk.
  • You’re planning a funding round or acquisition – or perhaps you’re heading for the exit? Fundraising, M&A, trade sales and IPOs make you vulnerable. You’re sued for contract breach or a client dispute threatens to escalate? Will your brand and relationships suffer a very public spat?
  • What about the people risk in your business? What if something happens to a shareholder – or a key rainmaker falls critically ill – could it impact your income? How do you attract great people in the war for talent? Looking after the wellbeing of your people helps keep them motivated, loyal and productive.

*Packaging World, November 2019 
**Dechert Survey, 2019

Cyber Risk Management Service

A free assessment of the threat to your business

Cyber crime is the biggest threat to any business.

A recent UK government report – Cyber Security Breaches Survey 2020 – reveals some sobering facts.

46% of businesses have reported having cyber security breaches or attacks in the past 12 months

If you missed our webinar on this topic, you can catch up here. Our panel of experts, who work closely with the life science sector, help to identify and understand exactly what these risks are, where they are coming from and how you can prepare your organisation and wider team to prevent attacks where possible, and limit the impact should one occur.

Cyber risk prevention is key. As an added benefit to OBN members, we are offering a complimentary, no-obligation cyber risk assessment. This report will provide you with an understanding of the threats to your business and identify any action that needs to be taken to stop potential cyber risks from turning into a real attack.

What FOCUS and Partners& can offer

                         

Our highly knowledgeable and experienced team is available to help you through the complexities of the cover needed to protect you and your business, including but not limited to:

Focus responded rapidly to our initial request, worked with us to understand our insurance requirements and then negotiated with the market on our behalf to secure a competitive quotation and win our business. The service provided by Paul Monaco and the team at FOCUS was excellent.

Andy Bush

Chief Operating Officer, Enesi Pharma Limited

Need advice? Get in touch with our experienced team today

Paul Monaco
Client Director
Oxford & London
paul.monaco@focusorm.co.uk
01865 953 120/07968 515305

Paul joined FOCUS in 2000 having previously worked as a Commercial Insurance Underwriter for General Accident/CGU/Aviva and was appointed Client Director in July 2017 as part of the formation of FOCUS Oxford Risk Management Limited.

Paul specialises in the advice and arrangement of specialist business insurance and risk management to the life science, medical device, scientific research and technology sectors from new business start-ups through to PLCs. He has  helped many clients in providing expert advice, achieving costs saving wherever without needing to compromise on their cover and often highlighting gaps in existing cover arrangements where cover has been arranged elsewhere.

Paul is married with 3 children and enjoys playing Golf, watching and attending Horse Racing meetings and following Liverpool Football Club in his spare time.

Hanna Beaumont
Client Partner, Science & Technology
Cambridge & London
hanna.beaumont@partnersand.com
07795 473071

Hanna is an expert in commercial insurance for science and technology firms and is a fellow of the Institute of Risk Management. She has worked with a huge range of inspiring businesses to support their growth and development, from helping ground-breaking start-ups to advising long-standing clients as they expand internationally and encounter new risks.

Hanna started her insurance career with Aon in the City in 2000 and after heading up the life science and technology insurance practice at La Playa for 15 years, she joined Partners&, where she leads an expert team supporting life science businesses with advice on insurance and risk management.

A qualified fitness instructor, Hanna enjoys sport and exercise including running, cycling, the occasional golf and waterskiing when the weather permits.

Matthew Clark
Risk Management Partner
Cambridge
matthew.clark@partnersand.com
07775 537387

With experience gained in senior risk management roles in the UK, USA, Middle East and Asia, Matthew is one of the most knowledgeable insurance brokers in the UK’s science and technology sectors. He has developed an in-depth understanding of the risks associated with emerging and disruptive technologies.

Matthew works with a broad range of organisations – from pharma and biotech clients, to medtech and telemedicine businesses, supporting them with key insights and effective risk controls. He’s a frequent speaker and has published articles on insurance and risk management in Life Sciences. Matthew is an Associate of the Chartered Insurance Institute and a Chartered Insurance Risk Manager.

In his free time, Matthew has a weak spot for motorcycles – and when he’s not riding or tinkering with them, he’s busy chauffeuring his 3 children around their soccer and cricket activities.

And why not visit the Partners& Life Science Lounge – the place to come for stimulating conversation, innovative thinking and collaboration in Life Science – to enable each other, be better informed and remove obstacles to success.

Want to learn more about the latest in Life Science Insurance?

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Data Protection matters – are you ready for the new legislation?

Data reveals why you need to review your cyber insurance

How to prevent a Cyber Meltdown

Intellectual Property Insurance – protecting your core assets

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