Can I arrange cover for deterioration of samples in the event of freezer failure?

Yes, a bespoke policy can be arranged to accommodate freezer failure and the deterioration of the contents, but insurers may well require confirmation that the freezers in question are fitted with an alarm, particularly if the contents are of very high value.

Can I arrange clinical trials insurance when required?

Yes, bespoke cover can be arranged for clinical trials both in the UK and elsewhere around the world. Insurers would normally require details of the proposed protocol, the patient consent form, the location of the trial, and the number of subjects taking part in the trial itself.

Will the cover extend to include my product liability exposures?

The cover can be accommodated to include full blown product liability cover once you are in production, but equally, cover can also be arranged to accommodate exposures that are stimulated by any prototypes that you might be producing.

The laboratory space that we occupy is part of a multi-tenure facility. Does this present any problem from an underwriting perspective?

No, underwriters are quite happy to write multi-tenure risks where laboratories are rented to a number of tenants, and can also extend to accommodate risks where laboratory space is shared by more than one company.

My funders have asked me to obtain quotations for directors' and officers' liability insurance, can you assist with this?

Yes, we can arrange bespoke cover for directors’ and officers’ liability insurance as required by venture capitalists and similar, and would normally recommend a cross-section of limit of cover ranging from modest limits of £500,000 to upper limits of £5,000,000 and above.

Life Science Insurance | Alan Boswell Group

Name: Life Science Insurance
Brand: Alan Boswell Group
Rating: 4.9 (1420 reviews)

Insurance policies for life science start-ups, pre-revenue companies, and established businesses are tailored to protect against the risks faced by companies in these innovative industries. We specialise in providing comprehensive cover for the life sciences industry, including BioTech, CROs, pharmaceuticals, and more. Our extensive experience in this sector helps ensure your assets and liabilities are protected.

Industries we support

Supporting businesses working across all areas of life science, including:

Life science

BioTech

Digital health & MedTech

Clinical trials

Biopharma

Research and development (R&D)

Genomics

Diagnostics

Contract Research Organisations (CROs)

What is life science insurance?

Life science insurance protects businesses in the BioTech, pharmaceutical, medical device, and healthcare sectors. Cover can include product liability, clinical trial insurance, professional indemnity, intellectual property protection, as well as typical covers, including public and employers’ liability. Policies also offer the benefit of safeguarding research and development, protecting against regulatory and compliance risks, and ensuring business continuity in case of product recalls or legal disputes.

Why do I need life science insurance?

Life science insurance protects your business from the risks that come with developing medical innovations, conducting research, and clinical trials. Without appropriate cover, your business could face significant financial losses due to product liability claims, trial delays, intellectual property disputes, or equipment failures. Life science insurance ensures your research, operations, and reputation are safeguarded, allowing you to focus on innovation. Often, having appropriate insurance will be a requirement of an investment agreement, ensuring your investors’ interest is protected. Even if you are a start-up or pre-revenue, you will have assets, employees, and intellectual property you’ll want to protect.

The Alan Boswell Group Difference

At Alan Boswell Group, we understand that the work our clients do in the life sciences industry is unique and they need an insurance partner who understands what they do, not an off-the-shelf package from a comparison site. With extensive experience in this specialised sector, we provide tailored insurance products that address the specific challenges faced by life sciences and BioTech companies.

Our Cambridge office is ideally situated in this dynamic industry, allowing us to provide in-house claims management and specialised contract, investment agreement, and NDA reviews to protect every aspect of your business. We offer cost-effective solutions with wide market access for every stage of growth —something online insurers can't provide. Whether you operate in the UK or are expanding globally, our bespoke insurance programmes ensure your assets are protected and provide peace of mind for you and your investors.

Insurance advisers for tools in transit insurance

How our customers rate us

4.9/5 1420 reviews

How we support life science businesses

Contract review service

We provide supplier and commercial contract, investment agreement, and NDA reviews, ensuring you understand your exposures and how you can protect your business.

In-house claims team

Our in-house claims team provides quick and hassle-free claims processing, ensuring you are supported throughout the process to reach a prompt and fair resolution.

Global expertise

Whether you’re a newly incorporated business registering in the US or an established multinational business, we understand global legal and regulatory jurisdictions, support your compliance, and protect your exposures.

Access to a wide range of insurers

As an independent broker, we have access to a wide range of insurers. This means we can search the market for an insurer that really understands your business, ensuring appropriate protection for your risks.

Cost-effective solutions

We offer tailored insurance packages designed specifically for start-ups and pre-revenue companies, providing affordable cover that can scale as your business grows.

Regular reviews

We know that businesses in the life sciences industry evolve quickly; by holding regular reviews with our clients, we can adapt your insurance to meet your current exposures.

Key business milestones

We have extensive experience guiding businesses through investment rounds, IPOs, mergers, acquisitions, and sales, and provide insurance packages that ensure your company is fully protected at every critical stage of growth and transition.

Professional connections

Using our extensive experience in the life sciences and technology industry, we’ve built up a network of trusted relationships with other professional services, including legal, financial, and investment firms.