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To
discuss your Healthcare Products Insurance
contact Paul Holman or Mark Holman at 905-886-5630
or toll free at 1-800-567-1279
Holman Insurance Brokers Ltd. offers a comprehensive range of
flexible insurance policies specifically designed to meet the
needs of Healthcare / Medical and Life
Science Products manufacturers. These products
include the following main categories:
1. Pharmaceuticals
2. Biotechnology
3. Medical Devices
4.
Orthopedic Implants
5.
Dental Implants
6. Biotechnology
7.
Cosmetics and cosmeceutical
Generally,
the party involved in the development of the drug or medical device
will typically not seek product liability insurance until they
enter the Clinical Trials phase. Some companies conduct their
own clinical trials while others hire a Contract Research Organization
(CRO), to perform these trials on their behalf. Our insurers have
developed a policy that is unique to these particular companies,
as it encompasses the financial loss exposure in addition to the
medical malpractice exposure that these companies face.
We provide
tailored insurance solutions to help protect all
types organizations ranging from start-ups to
organizations conducting human clinical trials
to large multi-national manufacturers.
Our
Insurance specialists offer expertise in areas
such as:
- Global
Clinical Trials
- Global
Product Liability
- Directors
and Officers and other Management Liability
- Supply
Chain Protection
-
Intellectual Property
- Errors and
Omissions
- Asset and
Revenue Protection
-
Acquisition Due Diligence
-
Contractual review
Holman
Insurance Brokers Ltd. works with Insurers that understand the
unique business challenges that all of these companies face and
continually keeps abreast of trends and changes in this field,
including changes in government regulations and the legal system,
and adapts its policy to accommodate these changes.
Healthcare Products Policy Highlights:
- Typical Limits of up to $5 million
and higher
- Worldwide coverage
- Coverage for Bodily Injury, Property Damage and Financial
Loss arising from the Insured's products or operations
- Full Clinical Trials coverage, including Medical Malpractice
and Errors and Omissions
- Coverage for liability arising from research and development
including the sale or distribution of research work
- Coverage available for international clinical trials
Commercial General Liability and Commercial Property
Holman
Insurance Brokers Ltd. can also provide Commercial General Liability
coverage to complement the Healthcare Product Liability policies.
This benefits our clients as they are able to insure the CGL,
Property and the specialized liability covers with the same insurer.
This eliminates potential gaps in coverage, claims disputes, and
non-concurrent forms. Our Insurers policies are designed to fit
together to give broad protection to our clients.
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