Canada has a well established life sciences sector, which plays an important role in the global life sciences economy, spanning research and development, clinical trials, pharmaceuticals, biotechnology, cosmetics and medical device production.
With intense global competition to bring new medicines, devices and therapies to market – as well as increasing regulatory scrutiny – companies operating in the Canadian life sciences sector face undeniable challenges, but also huge opportunities.
Our expert team has more than 10 years’ experience of protecting firms in the life science sector against the full range of risks they face. We work with customers ranging from start up research and development firms through to some of the world’s largest pharmaceutical organizations. Our customers operate in a wide range of fields, including pharmaceuticals, biotechnology, medical equipment, nutraceuticals, cosmetics, alternative medicine, and veterinary medicine.
As we know that one size does not fit all in the complex world in which you operate, we work with you and your broker to understand your risks in detail and put together tailor-made coverage for your particular circumstances.
We are known for our clinical trials capabilities; we can provide tailored liability insurance for all types of clinical trials and research studies, including Phase I, II, III and IV trials and bioequivalence studies.
Policyholders benefit from the financial strength of both QBE and Lloyd’s, which has been consistently rated A by A. M. Best. QBE’s global network and broad license portfolio allow us to underwrite risks in more than 150 countries and create global programs that comply with all local legal, regulatory and tax requirements.
Finally, under our unique QBE Premiums4Good initiative, we offer the opportunity to put 25 per cent of your premium into investments with an additional social objective, such as reducing homelessness or helping the environment. We provide annual updates about the projects we have supported, which you are welcome to use in your own corporate social responsibility reporting.
We protect companies in the life science and clinical research sector against the cost of claims for damage or injuries caused by clinical trials.
Read more about Clinical Trials
Our comprehensive Crime/Fidelity insurance protects against money, stock, securities or property being stolen by employees or third parties.
Read more about Crime
Research and trade secrets are of great value to life science companies, but that value can be quickly compromised if hackers manipulate or wipe out your database. QBE’s Cyber policy will help you to rectify and restore the data back to its state before the breach.
Read more about Cyber
Directors’ and Officers’ Liability insurance protects senior employees against claims resulting from actual or alleged wrongdoing.
Read more about Directors’ and Officers’ Liability
We partner with brokers and MGAs to offer insurance solutions to groups or associations with a common insurance need, empowering you to generate valuable income and grow your business.
Read more about Group Insurance Programs
Our Medical Malpractice policy provides protection against legal actions arising from negligence, malpractice or failure to provide appropriate diagnosis or treatment.
Read more about Medical Malpractice
We can create compliant multinational programs for a wide range of products – including Property, General Liability, Professional Liability, and Directors’ and Officers’ Liability – in more than 150 countries.
Read more about Multinational
We protect companies in the life science and clinical research sector against the cost of claims for damage or injuries caused by pharmaceuticals and medical devices.
Read more about Pharmaceutical and Medical Devices