Custom Insurance Solutions for the Life Science Industry is available through Teague Insurance Agency. We have partnered with the top carriers in the industry for all lines of coverage to meet your unique changing insurance needs from startup research to clinical trials and actual product manufacturing. Domestic and Foreign coverage available.
Common coverages life science companies should consider include the following:
This can include Directors & Officers Liability (needed if you have or plan on having investors), and Employment Practices Liability coverages. Claims against your company, the board members, or officers for things like discrimination, harassment are on the rise. Even claims from government regulators and competitors can sue your company.
With the increasing risk of data breaches, you have an obligation to not only protect your company and employee data but also to protect your customers data (research data, trade secrets) and clinical trial participates information!
Errors & Omissions (Professional Liability)
Life Science companies can be at risk for being sued even if not at fault, A claim of faulty research, delays that cause a financial loss to your clients or even a product failure could be financially devastating to a startup or existing company.
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