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Product Fact Sheet

Commercial and Product Liability for Life Sciences Entities
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Driven by ongoing development and innovation, the Life Sciences industry is one of the most dynamic business segments.  Where regulatory changes must evolve at a pace to match the new products constantly coming to the market.   Backed by over 15 years of Life Sciences specialization, our underwriting team is dedicated to staying on top industry developments and we will help you and your clients secure the coverage that is right for them, whether they are a start-up or an established company. 

Our target classes of business:

  • Clinical Research Organisations

  • Contract Manufacturers

  • Manufacturing, Distribution, and Sale of:

    • Biologics and Biotechnology​

    • Cosmetics

    • Medical Devices

    • Pharmaceuticals

    • Nutraceuticals and Supplements

    • Vitamins and Minerals

    • Veterinary Pharmaceuticals

  • Pharmaceutical and Regulatory Consultants

  • Research and Development

  • Site-Management Organisations

  • Testing Laboratories

We are also able to help with Clinical Trial coverage​

Available coverages:

  • Accidental Product Contamination Recall

  • Biocontamination Coverage

  • Barcode Coverage

  • Clinical Trials Liability

  • Commercial General Liability, including Bodily Injury, Personal and Advertising Injury, Property Damage, Tenant's Legal Liability, Non-Owned Automobile, Employee Benefits Errors & Omissions

  • Errors and Omissions

  • Government Instructed Product Recall

  • Incidental Medical Malpractice

  • Products Errors and Omissions (Financial Loss)

  • Product Liability

  • Product Tampering

Coverage highlights:

  • $10,000,000 available limits

  • Ability to write worldwide cover, including U.S. sales

  • Defense Costs in addition (except Government Instructed Product Recall, Accidental Product Contamination Recall, Errors and Omissions, and Products Errors and Omissions (Financial Loss))

  • Loss Mitigation Costs Extension available

  • Market-leading SIGNAL Underwriting manuscript wording tailored for Life Sciences entities

  • Overseas Personal Liability Extension

  • Reputational Damage Costs Extension available

  • Research and Development Restoration Costs Extenstion available

  • Vendors Extension

What sets SIGNAL Underwriting apart:

  • Broad appetite

  • Customer focused on broker partners and insureds

  • In-house underwriting authority

  • Over 15 years of Life Sciences broking and underwriting experience

  • Our Underwriters are here to help you with any of your industry-related questions so you can expertly guide your placement and client discussions

  • Secured Lloyd's of London Coverholder status within first year of operation

  • SIGNAL Underwriting Inc. only represents London security with a minimum rating of A- (AM Best rating) for this product

  • Claims handled by Canadian Third Party Adjuster experienced with Life Sciences

  • Underwritten by certain underwriters at Lloyd's

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