Product Fact Sheet
Clinical Trial Liability
Conducting clinical trials is a critical step to advancing medical breakthroughs, but it comes with inherent risks. At SIGNAL, our Clinical Trial Liability Insurance is designed to safeguard your research and protect your organization from potential liabilities. Our comprehensive coverage addresses the unique challenges of clinical trials, including participant injury, legal defence costs, and medical monitoring. With our support, your clients can focus on driving health innovation, with the confidence that their trials are protected.
Our target classes of business:
Clinical Trials for:
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Biologics
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Class I to IV Medical Devices
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Nutraceuticals (Supplements)
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Over-The-Counter Pharmaceuticals
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Prescription Pharmaceuticals
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Psychedelics
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Vaccines
Please contact us if your Life Sciences risk does not fit into one of these categories – we may still be able to help.
Available coverages:
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$10,000,000 available limits
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Ability to write worldwide cover
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Defense Costs in addition
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Medical Monitoring Expense
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Special Access Program
Liability coverage highlights:
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$10,000,000 available limits
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Ability to write worldwide cover
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Defense Costs in addition
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Market-leading SIGNAL Underwriting manuscript wording tailored for Clinical Trials entities
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Underwritten by Certain Lloyd’s Underwriters
What sets SIGNAL Underwriting apart:
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Broad appetite
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Customer focused on broker partners and insureds
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In-house underwriting authority
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Our Underwriters are here to help you with any of your Clinical Trial related questions
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Over 15 years of Clinical Trial broking and underwriting experience
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Secured Lloyd’s of London Coverholder status within first year of operation
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SIGNAL Underwriting Inc. only represents London security with a minimum rating of A- (AM Best rating) for this product
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Claims handled by Canadian Third Party Adjuster experienced with Clinical Trials
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17.5% Retail broker commission on this product