Crisis Managementclaims storyPharmaceutical Recall Crisis: How Product Liability Insurance Saved Company Reputation
Pharma Risk Management•
corporate
8 min read • Explore insights on life sciences_pharma_industry
Life Sciences & Pharma Insurance Solutions
Comprehensive coverage for pharmaceutical manufacturing, biotechnology, medical devices, and clinical research—protecting innovation in healthcare.
Specialized coverage for PPP projects, smart cities, and critical infrastructure with performance guarantees.
Understanding Life Sciences & Pharma Insurance
The life sciences and pharmaceutical industry is highly regulated and involves significant risks related to product safety, clinical research, and regulatory compliance. Insurance plays a critical role in protecting companies and patients.
Industry Overview
Life sciences companies develop and manufacture products that directly impact human health, from pharmaceuticals and biologics to medical devices and diagnostics. This industry faces unique risks including product liability, clinical trial risks, regulatory compliance challenges, and supply chain vulnerabilities. Comprehensive insurance coverage is essential for business continuity and patient safety.
- Highly regulated environment with strict compliance requirements
- Product liability risks affecting patient safety and company reputation
- Clinical research involving human participants requires specialized coverage
Key Project Types
Pharmaceutical Manufacturing
Generic and branded drug production
Biotechnology
Biologics, vaccines, and gene therapy
Medical Devices
Diagnostic and therapeutic devices
Core Coverage Suite
Comprehensive protection designed specifically for life sciences and pharmaceutical operations.
Product Liability & Recall
Comprehensive coverage for product-related claims and recall expenses.
- Adverse drug reaction and side effect claims
- Product contamination and defect coverage
- Recall expenses and crisis management
Clinical Trial Insurance
Protection for clinical research activities and participant safety.
- Participant injury and adverse event coverage
- Investigator and site liability protection
- Trial cancellation and delay coverage
Professional & Regulatory Liability
Coverage for professional errors and regulatory compliance issues.
- Professional indemnity for healthcare professionals
- Regulatory defense and compliance costs
- Directors and officers liability coverage
Manufacturing & Equipment
Protection for specialized manufacturing equipment and facilities.
- GMP facility and clean room coverage
- Specialized equipment breakdown protection
- Business interruption and contamination coverage
Claim Stories
Stay updated with how SIIB helped life sciences clients recover from product recalls, clinical trial incidents, and regulatory compliance issues.
Crisis Managementclaims storyIndustry Insights & Articles
Stay updated with the latest trends, regulations, and best practises
Regulatory UpdatesblogPharmaceutical Manufacturing Risks: New Regulatory Compliance Requirements for 2025
Healthcare Risk Specialists•
corporate
12 min read • Explore insights on life sciences_pharma_industry
Crisis Managementclaims storyPharmaceutical Recall Crisis: How Product Liability Insurance Saved Company Reputation
Pharma Risk Management•
corporate
8 min read • Explore insights on life sciences_pharma_industry
Test Your Life Sciences & Pharma Risk Knowledge
Assess your understanding of key risks and insurance considerations in your industry.
Question 1 of 5easy
What is the most critical insurance for pharmaceutical manufacturing facilities?
Building Tomorrow. Protecting Today.
Partner with SIIB's infrastructure specialists for comprehensive project coverage, performance guarantees, and expert risk management.
Call
1800 210 2022
Email
contact.ins@shareindia.co.in
Advisory Desk
Infrastructure Insurance Specialists