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Clinical Trials Insurance
Risk Scenario
Who it’s for
Our insurance for clinical trials protects businesses, institutions and professionals like these:
- Biotechnology businesses
- Pharmaceutical manufacturers
- Medical device companies
- Hospitals
- Universities and colleges
- Research institutes
- Physician groups
What it covers
Our trials policy covers your activities for these areas:
- Clinical trial liability in all trial phases from I to IV
- Liability for injury to a research subject
- Single clinical trials
- Multinational clinical trials
- Indigenous and multinational multiple trial programmes
- Products and medical devices – including implantable devices and vaccines
- Locally admitted, non-admitted, freedom of service and master policy programmes
- Fronting for large captive clinical trial programmes
- Extended indemnity for clinical research organisations and ethics committees
- Legal liabilities and no-fault compensation
Current Challenges in European Clinical Trials: CTIS and Ethics Committees
Written by Alex Forrest, Head of Industry Practices and Life Sciences, Chubb Overseas General
WORLDcert™
Chubb’s state of the art, interactive clinical trial insurance and certificate management system, WORLDcert, has been designed to make securing coverage more user-friendly and efficient. WORLDcert provides details of clinical trial insurance requirements worldwide, and relays important insurance information, enables issuance of clinical trial insurance quotes and certificates… in most cases, instantly. WORLDcert, gives unprecedented control over the certificate and insurance management process.
FAQs
Certificates issued within 24 hours for a select group of territories.
Legal Liability for injury to a research subject and No fault compensation for claims made during the policy period or within the standard extended reporting periods (additional periods can be added if requested). The policy can be annual or cover the whole trial duration, where permitted.
Clinical trials are conducted or sponsored by a wide range of organisations, including: pharmaceutical companies, either solely or jointly with other research institutions such as universities and hospitals; private research organisations under a grant from government or from public donations; publicly funded research organisations, such as universities and teaching hospitals. In short, the sponsor is the entity or person that initiates, organises and supports the clinical trial and takes responsibility for the overall conduct of the trial, including liability for injuries that may be suffered by patients.