Office Hours:
6:00 AM to 6:00 PM (PST)
An Independent
Property and Casualty
Wholesaler since 1965
 Site Map | Contact
Skip Navigation Links          
Skip Navigation LinksHOME > ABOUT US > Announcements > Biosurance
For more information:
T: (800) 234-6977 Ext. 260
F: (323) 255-0957
Email Us At:

CA License: 0323106

We understand the unique nature of Life Science businesses. Drug developers,CROs,CMOs and contract research service providers work together to drive forward the discovery and development of new therapeutic products.

BioSurance™ R&D* is an innovative insurance product that allows companies in the R&D chain to cover their unique risk exposures in the context of their business and funding models.

Traditional “fire & perils” policies only go part way to covering the potential for damage to R&D Property. BioSurance™ R&D goes much further, providing cover:

  • At premises throughout the supply chain and whilst in transit
  • With a wide definition of “stock” including documents and electronic data
  • For damage or spoilage resulting from power outage, equipment breakdown, contamination and ideologically motivated attack
  • For full-stock re-creation costs, including those attached to repeating completed R&D
  • For undamaged property when condemned by a competent authority

We recognize the importance of reaching milestones within budget and that R&D expenditure tends to ramp up in the approach to significant events such as clinical trials. BioSurance™ R&D therefore provides flexible and comprehensive Business Interruption cover. Benefits include:

  • Disruption due to damage at supply chain premises, even if there is no damage to the insured's property
  • Loss or damage to stock in transit
  • A first loss sum insured that can compensate for lost revenue, unproductive R&D expenditure, committed costs and project delay costs without sub-limit
  • No weekly sub limit

Biosurance™ R&D provides broad, specialist liability cover, including:

  • Product and services liability covering third party property damage, bodily injury and financial loss on a seamless basis ensuring no gaps or overlaps
  • Clear, unambiguous cover for breach of a client contract
  • Clinical trial insurance available for single trials, or on an annual multi-trial basis with the cover limit separate to, or aggregated with, product and services liability
  • Comprehensive general liability, including pollution and contamination, tenants' legal inability, employee benefits liability, non-owned and hired auto and medical expenses
  • Cover for suits bought anywhere in the world as standard
SERVICES We recognize that Life Science companies want to buy their insurance quickly and simply. That's why our policy is backed up by exceptional services levels featuring:
• Over 90% of quotes provided within 48 hours
• Over 90% of policies issued within 24 hours of binding if we have all of the information we need.

All this at very competitive prices. To obtain a quote all we need is the completed BioSurance™ R&D Application Form, which you can download here in PDF format.

To review or download a PDF of the policy click here.

Go to or call me at (800) 234-6977 ext. 220 to find out more!

This is a marketing notice only. Nothing contained hereon alters, modifies or changes the actual policy language as may be issued by an insurance carrier.