Spot for Drug Discovery and Delivery Companies

Get quotes from 50+ drug discovery insurance providers with Spot

We get quotes for your services, your lab and the sponsor materials in your care, then help you buy before the next sponsor agreement.

  • Research services quoted on what you deliver
  • Sponsor compounds and equipment listed for the lab and transit
  • Keep your broker or switch, with no commissions on premiums
A scientist pipettes into a plate inside a biosafety cabinet.

How Spot helps Drug Discovery and Delivery Companies

Show what you deliver and what the sponsor owns

Your Spot team lists candidate materials, data, methods, equipment and study decisions, and who controls each, so a broker doesn’t mistake you for the sponsor.

Orbit SoftwareOrganized by Spot
Travelers
The Hartford
Chubb

Read the research agreement

Send the master services or research agreement. Spot checks the insurance it asks for and the obligations you accept, including any intellectual property terms, against your policies.

Professional errors and omissions (E&O) insurance

Orbit Software · Policy review

Policy wording
Coverage limits
Compare with
Contract requirements

Confirm with your broker

Limits, exclusions, and endorsements

Compare how quotes cover your research work

Your broker takes the submission to market with Spot, and we ask how each professional liability proposal treats your deliverables, research results and contract assumptions.

Chubb
The Hartford
TravelersQuote request

Professional errors and omissions (E&O) insurance

Professional services · Claims-made terms

Orbit Software

How buying insurance works for Drug Discovery and Delivery Companies

  1. 01

    Tell us about your business

    Share what you do, where you work, the policies you have and any contracts that ask for insurance.

  2. 02

    We write up your application

    Spot turns it into an application that describes your business the way insurers need to see it.

  3. 03

    We get quotes from insurers

    Spot handles the procurement, sending it to the insurers and markets that cover businesses like yours and chasing every quote.

  4. 04

    Compare your quotes

    We put the quotes side by side on limits, exclusions and terms as well as price.

  5. 05

    Buy your policy and get certificates

    You choose. Spot places the policy for you, and certificates are ready when a customer or landlord asks.

Drug Discovery and Delivery Companies we help

  • Discovery and screening platforms

    You sell research services under a customer contract, and a sponsor relies on your results.

  • Delivery and formulation companies

    Your design work feeds another company’s candidate and study.

  • Wet-lab operators

    You run a lab, host sponsor visits and hold instruments and samples that aren’t yours.

  • Platforms supporting IND studies

    You receive sponsor data, trial records or protected health information through the relationship.

Insurance Drug Discovery and Delivery Companies usually carry

The policies companies like yours are usually asked for, and when each one comes up.

  • Professional errors and omissions (E&O)

    You sell discovery, screening, formulation, analytics, or delivery-design services under a customer contract.

  • Cyber liability

    You receive sponsor data, trial records, or protected health information through a study or technology relationship.

  • General liability

    You operate a wet lab, host sponsor visits, or send staff to a customer or study site.

  • Commercial property

    You lease lab space or acquire specialized instruments, prototypes, or customer-owned equipment.

  • Tools, equipment and inland marine

    You move sponsor compounds, samples, or test equipment between your lab, a partner, and a study site.

Insurers that quote Drug Discovery and Delivery Companies

Get quotes from 50+ drug discovery insurance providers with Spot.

  • AIG
  • Alliance Risk
  • Amelia Risk
  • Aon
  • At-Bay
  • Beazley
  • Berkshire Hathaway Specialty Insurance
  • And many more

When Drug Discovery and Delivery Companies need insurance

  • 01

    You’re signing a research agreement

    Confirm the sponsor and each party’s duties, then describe your role and obligations before comparing terms.

  • 02

    You’re supporting an IND study

    Map the sponsor and study data you receive, the vendors involved and any protected health information before a cyber review.

  • 03

    Sponsor compounds are arriving at your lab

    List each customer-owned item with its value, location, use and planned transfers.

  • 04

    Bench work is becoming a pilot

    Changes in procedures, batch size, outside manufacturing or shipments belong in an updated operations description.

  • 05

    You’re leasing new lab space

    Schedule instruments, samples, prototypes and customer property at each location with their values.

Questions from Drug Discovery and Delivery Companies

Also known as drug discovery company insurance, drug delivery company insurance, contract research organization insurance, CRO insurance and preclinical research insurance.

What insurance does a CRO or discovery vendor need?

Usually professional liability for errors in your services or results, cyber for sponsor and study data, general liability and property for the lab, and inland marine for sponsor materials in transit. Spot records which of these the sponsor’s agreement asks for.

Do we need the same insurance as a clinical study sponsor?

Not necessarily. A discovery vendor may provide services while another party sponsors the study. Spot confirms who the sponsor is and your role before comparing requested terms.

How should we insure sponsor equipment in our lab?

List each item, its value, location, use and transfers. Your Spot team asks whether property or inland marine terms cover it while stored, used or moved.

Does general liability cover an error in our research results?

Don’t expect it to. General liability addresses certain injury and property damage. Errors in your services are a professional liability question.

Which documents does a discovery vendor send for quotes?

Send your customer agreements, a description of your services and deliverables, lab locations, equipment and sponsor property, and your data flows.

Our broker has never placed a research-services account. Should we switch?

That’s your call. Spot works alongside your broker, preparing the submission and comparing proposals, and takes no commissions on premiums. If your broker lacks markets for life sciences services, Spot can help you switch.

Get insurance off your to-do list.

Get quotes from 50+ drug discovery insurance providers with Spot. Keep your broker or switch, with no commissions on premiums.

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