Biotech and Life Science Insurance Formulated To Fit Your Industry
Whether you’re working with chemicals or planning research trials, you face unique risks. At Baldon Insurance Group, we understand the complexities of the biotech and life sciences industry. That’s why we offer specialized insurance coverage designed to keep your business protected.
Insurance for Biotech Companies
What Is a Life Science Insurance Policy?
A life science insurance policy includes coverage tailored to protect your business from various industry-specific risks. This can include:
- Strict regulation
- Supply chain interruption
- Patient injury
- Product or sample loss, recall, or spoilage
In addition to these unique risks, biotech companies also face common issues like property damage or bodily injury. Our comprehensive business insurance helps keep you protected no matter what comes your way.
Who Needs Life Sciences Liability Insurance?
Life sciences liability insurance is essential for:
- Biotechnology companies
- Medical device companies
- Businesses conducting clinical trials
- Dietary supplement and nutraceutical companies
- Life science service organizations
Basic Life Science and Biotech Insurance
Biotech companies and businesses in the life sciences industry can benefit from a Business Owner’s Policy (BOP). This policy combines three types of essential business insurance coverages into one convenient package:
- General liability insurance
- Commercial property insurance
- Business income insurance
Covering Your Life Sciences Operations
You’ve invested significant time and resources to build your business. Having the right insurance coverage is crucial to maintaining your success. Our life science insurance coverage protects against unique industry risks, ensuring your operations run smoothly.
Protecting Your Life Science Property
Working in the biotech industry means relying on expensive equipment and delicate materials. From your facility to your specialized tools, having life science insurance ensures that your property stays protected on the job.
Cyber Attack
Cyber insurance, also known as data breach coverage, helps your business respond to breaches by paying for notifications to affected parties, hiring a public relations firm, and providing credit monitoring services to victims.
Storm Damage
Biological research materials coverage helps pay for the loss or damage to biological materials, such as plants and microbes, ensuring your research projects remain on track.
Taking Care of Your Biotech and Life Sciences Team
Your employees and researchers drive innovation at your life sciences business. We know how important they are to you. That’s why we offer insurance protection that helps cover them while they’re on the job.
Employee Injury
Workers’ compensation insurance provides benefits to employees with work-related injuries or illnesses, covering medical treatment and ongoing care.
Car Accident
Commercial auto insurance protects your employees on the road when driving business-owned vehicles for work. It helps pay for claims if someone is hurt or property is damaged in an accident.
Why Choose Baldon Insurance Group?
Choosing the right insurance partner is crucial for protecting your biotech and life sciences business. At Baldon Insurance Group, we have the expertise and experience to provide comprehensive insurance solutions tailored to your industry’s needs. Whether you need help with risk management or filing a claim, we’ve got your back.
