Talk to a Licensed Expert
Talk to a Licensed Expert
Life Science
Insurance
LIFE SCIENCE INSURANCE EXPERTISE
Save up to 40% on your business insurance. We analyze your current insurance policies to get you complete coverage at the best price
Protect Your Business & Employees
At Tower Street Insurance, we specialize in providing top-level service and coverage to life science clients. Representing the majority of carriers in the industry, we work with you to find the most competitive and broadest protection possible for your company.
Our Professional Strategy
We accomplish this by doing a full analysis of your current insurance program by looking through every endorsement on your current policy, the contracts you have in place and the unique exposures presented by your operations. No matter what you’re passionate about, we’re here to protect your passion. And we’re passionate about protecting your business and your family.
Protection for Diverse Life Sciences Organizations: From biotechnology companies to medical device manufacturers and contract research organizations, our life sciences team is equipped to address the complex risks and unique industry risks associated with the life science industry.
Customized Insurance for Clinical Trials: Our clinical trials insurance policies are designed to protect life sciences companies engaged in human clinical trials, providing coverage for the unique risks involved in pre-clinical and clinical research stages.
Full Analysis - 100% Risk Free
We take the time to breakdown your current policy and identify the unique risks that are present in your business. We handle the risk management to make your insurance simplier.
About Tower Street Insurance & Risk Management
At Tower Street Insurance, we specialize in providing top-level service and coverage to our clients across multiple industries and high net worth families.
We represent the best commercial property & casualty insurance carriers in the industry, and we work with you to find the most competitive and broadest protection possible for your company. Our approach to personal risk management parallels that of our commercial client’s experience. We understand that influential and successful families often have assets and liabilities that exceed those of a business. Tower Street Insurance is here to serve as a trusted advisor to each family while we protect your home, auto, valuables, and more.
Unique Life Science Coverage Considerations
How broad is your claims-made trigger?
We have access to an admitted product liability insurance policy with an enhanced claims-made trigger that allows clients to report claims anytime during the coverage relationship.
Does your claims-made product liability policy include a broad notice of circumstances condition?
Does your policy pose a financial exposure to your company due to multiple deductibles?
How would your liability policy respond to intellectual property claims, including infringement?
How much could you be impacted if you lost your research and development income?
Do you have domestic and international clinical trials?
Our Partnerships Within the Industry
Biotechnology Companies
Clinical Monitoring and Site Management Firms
Clinical Trials
Contract Research Organizations
Laboratories
Medical Device Companies
Pharmaceutical Companies
Private Label and Contract Manufacturers
Research and Development Facilities
Service Organizations
Policy Inclusions
Broad Range of Insurance Products: Our insurance products encompass everything from general liability to professional liability, ensuring your life sciences business is protected against potential risks such as bodily injury, property damage, and product recall.
Specialized Coverage for Medical Devices and Pharmaceuticals: We understand the critical nature of insuring medical devices and pharmaceutical products. Our customized solutions cater to the specific insurance needs of companies operating in these specialized fields.
With some of our partner carriers, such as CNA, Travelers, Hartford, Sompo International, Chubb, and Hanover, you may be eligible for the following comprehensive coverage and significant capacity across all lines of business offered to the hospitality market:
Property – Up to $500M in Limits
General Liability – $1M Limit, Can Increase Based on Risk
Product Liability – Up to $10M (Based on Risk)
Clinical Trial Liability – Up to $10M (Based on Risk)
Auto – $1M Limit, Can Increase Based on Risk
Workers’ Compensation – Statutory Limits
Umbrella & Excess (Excluding PCO and Prof.) – Up to $50M
Environmental – $25M
Errors & Omissions (E&O) – $10M
Cyber – $10M
Parametric Natural Catastrophe – Varies Based on Risk
Contact Our Life Science Team
Tower Street Insurance specializes in life science insurance coverage for customers throughout the US. We also offer insurance coverage for directors & officers, workers’ compensation, cyber liability, commercial risk management service, and client advocacy.
Tower Street Insurance By The Numbers
Carriers
Collective Years of Experience
Written Policies
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Retention Rate
