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Protecting all that makes your house, your home.
Build your business by providing the protection your customers need – it’s insurance for the new possible.
Masterpackage for Life Science Companies
Risk Scenario
Who it's for:
We provide insurance for a broad range of life sciences companies, including:
- Pharmaceutical and biotechnology companies
- Medical device makers
- Dietary supplement businesses
- Analytical and research companies
- Healthcare product service organisations
- Healthcare information technology companies
What it covers
We tailor your protection to meet the complex challenges of a highly regulated industry, covering you for:
- Faulty packaging
- Manufacturing error
- Advertising injury
- Failure to advise
- Product defects
- Contamination
- Spoilage
- Employee injury
- Third party bodily and financial injury
How a strong, well-designed insurance programme multi-pronged coverage response deals with the challenges of a clinical trial
In a series of scenarios we explain the significant losses life sciences companies can face when conducting clinical trials – and the coverage needed to keep them protected amid ever-changing risks.
Products & Services
This cover supports companies conducting trials around the world, so they benefit from the resources of our global network of affiliates and partners.
FAQs
MasterPackage is Chubb’s simplified all-risk insurance package created to help our mid-market commercial customers. It’s tailored to make covering your business easier, combining property and casualty insurance in one product. Available for a wide variety of industries, MasterPackage offers you broad insurance coverage, as well as a wide range of extensions that can be added on to meet your specific needs.
Business all-risk insurance is a type of property and casualty cover that doesn’t specify what’s covered – instead it only lists what liabilities are not covered. This means your business is protected from a broad range of risks, and only the risks specifically written out in your contract are excluded. Anything not named in your policy is automatically covered.
Insights & resources
The Product Liability Directive (PLD) was introduced in 1985 by the European Commission with the aim of maintaining a fair balance between the interests of consumers and of producers.
Best practice is slipping in clinical trials as the scientifc community races to respond to Covid-19.
How has the coronavirus pandemic afected the risk profle of medical device manufacturing?
Integrating new technology systems into large institutions is notoriously difcult even when it is carefully planned.So how has the rapid roll-out of telehealth during the pandemic altered the risk landscape?