Biotech companies are companies that specialize in the research and development of technologies using biological knowledge.

Our insurance program for biotech companies is adapted to all stages of the company from the R&D stage to the sales stage. Our insurance specifications are individually tailored to each and every company while taking full account of the investors’ and customers’ requirements.

Our special insurance plan for biotech companies consists of several main insurance chapters:

Directors and Officers Insurance (D&O)

As part of their role, the officers and directors of biotech companies may face personal lawsuits filed against them by third parties, with various claims of negligence, by investors, competing parties, and more. Also, the disclosure of the directors and officers also pertains to employee claims under them, as part of the employee-employer relationship.

In light of the many risks that the directors face, the preparation of insurance is often expensive, also as a requirement within the framework of investment agreements.


Third party insurance and product liability

The extensive activity of the biotech companies may expose them to claims filed by third parties, alleging bodily or property damage, caused to them as a result of negligence or product failure.


Professional liability insurance for biotech companies

Provides the company with coverage against negligence claims filed by a third party. Among the possible causes, intellectual property claims other than patents, as well as bodily or property damage claims, in this case, note in advance that the policy does not exclude these damages.


Cyber insurance

Biotech companies face many and varied cyber threats, including ransom attacks and system hacking, which can cause a lot of damage to the company, both financially and image-wise. The cyber insurance covers the various expenses that the company has to deal with, as part of the cyber incident such as: lawyers, media and public relations consultants, investigation management and more.

If bodily or property damage may also occur as part of the cyber incident, it is important that the company checks in advance that the policy includes these damages as well, or prepares an insurance policy that combines cyber coverage, professional or product liability, and a third party.


Clinical trials insurance

As part of the process of releasing a drug or product to the market, biotech companies help experimenters. Those important experiments may expose the company to lawsuits from the experimenters and third parties, claiming that they have suffered various bodily injuries. The insurance covers the company against these claims, while it is important to emphasize that underwriting the policy requires an informed consent form, and yes, an approved protocol.


Key Man Insurance

In the biotech companies, like every company and business, there are important key people who drive the company’s activities. The aforementioned insurance is intended to compensate the company with a one-time sum of money, if, unfortunately, the key person experiences some kind of health event such as an accident, for example, which results in his death or creates a limitation or disability for him, which makes it difficult for him to continue in his position. The insurance also covers the company’s future loss of profits.


Insurance for employee-employer relations claims (EPLI Insurance)

The biotech company, its officers and directors, are exposed to claims by employees, within the framework of the employee-employer relationship, including discrimination, unlawful dismissal and more. This important policy covers these cases, minimizing the risk.


Business insurance

Protects the company on several levels. The first concerns damages to the business structure and its contents. The second concerns insurance coverage against third-party claims filed against the company by employees, alleging bodily or property damage due to the company’s negligence.


Commercial General Liability Insurance (CGL)

This is coverage against claims by a third party due to bodily or property damage caused to him, as a result of negligence. And, defamation claims, and small medical payments that a third party had to pay, due to an event that occurred on the company’s premises.

This is a policy that many times comes as a demand from American clients, and it is important to make sure in advance exactly what the client is asking for it will include, before contracting with it.