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Life sciences companies today are faced with a range of challenges. From litigation and the actions of regulators posing a financial and reputational risk, to successful challenges to patents and other forms of intellectual property potentially undermining a firm’s core product and source of revenue. At the same time, insurers are increasingly restricting product liability insurance cover for life sciences companies.
Our understanding of the special risks facing life sciences companies has helped make us one of the leading agents/brokers servicing the sector, giving you access to a creative and expanding range of solutions in pharmaceutical, drug wholesale, nutraceutical, biotechnology, medical device and supply, and contract research. In partnership with our wider network of Marsh & McLennan Companies, we provide solutions and services such as:
- Business risk consulting.
- Supply chain management.
- Clinical trials risk.
- Business continuity/resiliency/crisis management.
Marsh has created centres of excellence to aggregate our knowledge and expertise of the industry, enabling us to keep you abreast of current trends impacting the industry and provide insights in areas of program design, placement, service, and administration.
By helping reduce your total cost of risk with tailored solutions – insurance brokerage, advisory, and risk management services – Marsh can help you minimize the volatility and severity of risk, protect assets, and maintain profitability.
Pharmaceutical
For clients across the global pharmaceutical industry – biopharma, specialty drugs, generics, animal health, and nutraceuticals – Marsh offers solutions that include:
- Product liability insurance advisory, global placement services, and claims consulting, including specialized complex claims and mass tort services.
- Clinical trials insurance placement and operational services.
- Directors and officers (D&O) and financial and professional liability insurance advisory, claims and placement services, including advisory and placement services for initial public offerings.
- Marine cargo and stock throughput insurance solutions tailored to your quality-control guidelines.
- Business interruption, supply chain, and operational/regulatory risk solutions.
- Other risk management and insurance services specialized in life science, including trade credit and political risk, surety, forensic accounting claims services, and other tailored industry solutions.
Biotechnology
For clients across the global biotech industry – from large global enterprises to small specialty and “incubator” firms – Marsh offers solutions that include:
- Product liability insurance advisory, global placement services, and claims consulting, including specialized complex claims and mass tort services.
- Clinical trials insurance placement and operational services.
- Directors and officers (D&O) and financial and professional liability insurance advisory, claims and placement services, including advisory and placement services for initial public offerings.
- Marine cargo and stock throughput insurance solutions tailored to your quality-control guidelines.
- Business interruption, supply chain, and operational/regulatory risk solutions.
- Other risk management and insurance services specialized in life science, including trade credit and political risk, surety, forensic accounting claims services, and other tailored industry solutions.
Medical Device and Technology
For medical device manufacturers, diagnostics companies, and consumer health aid product marketers, Marsh offers solutions that include:
- Product liability insurance advisory, global placement services, and claims consulting, including specialized complex claims and mass tort services.
- Clinical trials insurance placement and operational services.
- Directors and officers (D&O) and financial and professional liability insurance advisory, claims and placement services, including advisory and placement services for initial public offerings.
- Marine cargo and stock throughput insurance solutions tailored to your quality-control guidelines.
- Business interruption, supply chain, and operational/regulatory risk solutions.
- Other risk management and insurance services specialized in life science, including trade credit and political risk, surety, forensic accounting claims services, and other tailored industry solutions.
Some of service and insurance products may not be available in Japan. Please contact our office for details.
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