Spot for Therapeutics Companies

Get quotes from 50+ therapeutics insurance providers with Spot

We take your program to brokers who place life sciences risk and help you buy before your first trial or shipment.

  • Sponsor, site and manufacturer roles set out clearly
  • Clinical supply shipments reviewed before they move
  • Keep your broker or switch, with no commissions on premiums
A clinical supply manager packs vials into an insulated shipping box.

How Spot helps Therapeutics Companies

Tell us who does what in your study

Your Spot team records the sponsor, study sites, investigators, product and the services your company performs, using the same roles that appear in your protocol and contracts.

Orbit SoftwareOrganized by Spot
AIG
Alliance Risk
Amelia Risk

Read the trial and supply agreements

Send the clinical trial or manufacturing agreement. Spot checks the insurance it requires and the obligations you accept against your policies, and flags any obligation your policies don’t clearly address.

Product liability insurance

Orbit Software · Policy review

Policy wording
Coverage limits
Compare with
Contract requirements

Confirm with your broker

Limits, exclusions, and endorsements

Compare quotes from life sciences specialists

We work with brokers who place life sciences business, then compare how each proposal treats your candidate, study stage, territories and data, with exclusions and sublimits side by side.

Amelia Risk
Alliance Risk
AIGQuote request

Product liability insurance

Coverage limits · Policy terms

Orbit Software

Keep each program’s documents together

Policies, protocols and supply agreements stay together by program, so the next study or manufacturing contract starts from what’s already documented.

TaylorOrbit Software

What do we need to request product liability insurance quotes?

Let’s prepare the information for your broker and compare the terms, not just the price.

Product liability insurance policy

Coverage terms · Limits

How buying insurance works for Therapeutics 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.

Therapeutics Companies we help

  • IND sponsors

    Your company submits the IND and takes on product and study responsibilities that need their own review.

  • Clinical-stage biotechs

    Participants, sites, investigators and vendors all touch your study, and your trial agreements assign duties to you.

  • Companies preparing to manufacture

    Contract manufacturers, storage sites and couriers each handle your product lots.

  • Service providers to sponsors

    You run study operations or analyze data for another company’s IND.

Insurance Therapeutics Companies usually carry

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

  • Product liability

    You move a drug or biologic from development into an FDA-regulated clinical investigation under an IND, manufacturing, treatment access, or commercial sale.

  • Professional errors and omissions (E&O)

    For an FDA-regulated clinical investigation under an IND, your company sponsors the study, manages operations, analyzes study data, or performs services for another sponsor.

  • Cyber liability

    You receive records or patient information for an IND-regulated clinical investigation, or other study data from sites, investigators, or vendors.

  • Commercial property

    You lease a lab or production site, acquire manufacturing equipment, or store product and work in progress.

  • Cargo and transit

    For an IND-regulated clinical investigation, you arrange movement of clinical supply or study materials between manufacturers, depots, sites, and couriers.

Insurers that quote Therapeutics Companies

Get quotes from 50+ therapeutics insurance providers with Spot.

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

When Therapeutics Companies need insurance

  • 01

    You’re opening an IND study

    Identify the sponsor and your company’s role, then ask how proposed forms address study operations, participant events and product allegations.

  • 02

    Contract manufacturing is about to begin

    List each lot, manufacturer, storage site, testing role and shipment route, and whether it goes to a study or to market.

  • 03

    Clinical supply is moving between depots and sites

    Ask which transit wording fits the materials and route, including temperature, delay and contamination terms.

  • 04

    You’re leasing a lab or production site

    Schedule each site, machine, inventory and any customer-owned materials at their values.

  • 05

    You’re preparing for a first sale

    Product liability for a commercial product is a different conversation from study-stage coverage. Update the stage, indication and territories.

Questions from Therapeutics Companies

Also known as biotech insurance, biotech company insurance, biotechnology insurance, biopharma insurance, pharmaceutical company insurance, pharma insurance and life sciences insurance.

What does biotech insurance usually include?

For a drug or biologic developer: clinical trial and product liability, professional liability for any study services you provide, cyber for trial data, property for the lab and cargo cover for clinical supplies. Spot sequences them by development stage.

Is product liability the same as clinical trial insurance?

Not necessarily, and the line names won’t tell you. Spot asks a specialist broker to compare your study duties, participant events and product allegations with the proposed forms.

Does product liability include recall or supply interruption?

Not by its name. Recall, participant injury and supply interruption costs are separate questions, and Spot raises each one with the specialist broker.

What should we tell the broker before contract manufacturing?

Each product and lot, the manufacturer, storage site, testing role, shipment route and destination. Your Spot team gathers them into the submission.

Do we need cyber if a CRO holds the study data?

A CRO holding the data doesn’t settle it. Spot maps your sites, investigators and vendors first, then compares how each cyber proposal treats vendor-held study data and response costs.

Can our existing broker stay on the account as we move into the clinic?

Yes. Spot doesn’t replace your broker and takes no commissions on premiums. If your trial agreements need a broker with more life sciences markets, Spot can help you switch.

Get insurance off your to-do list.

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

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