Life Sciences refers to the field of research that concerns itself with living organisms and their structures and processes. This field also includes such related areas as medicine & biomedicine, chemistry & biochemistry and pharmacy - and ultimately agriculture and food research too.
The special characteristics of this sector range from liability insurance for clinical studies - which involve very high insured sums - to D&O. In this field, it is especially during the initial phase cover when investor funds are needed, i.e. managing directors or their bodies work with 'external' funds. In addition, highly sensitive personal data and huge data volumes could mean cyberinsurance should be considered.
Finally, not to be underestimated are the unforeseeable consequences of transporting incredibly valuable advanced medical equipment, of using the right packaging or of the shelf-life of chilled items. This is where our technical or transport insurance swings into action if there is a claim.
