In today’s environment it is increasingly difficult for companies to keep pace with changing clinical trials regulations and enforcement in every corner of the world. Ethics Committees will often require proof of local insurances and may insist on specific wordings and limits being incorporated into your policy document. As a specialist in clinical trials insurance, JLT provides a complete solution for companies needing this insurance cover.
Before a clinical trial can begin, it needs to be reviewed and authorised by a government agency called the Medicines and Healthcare products Regulatory Agency (MHRA). Furthermore, all medical research involving people in the UK has to be approved by an independent research ethics committee which protects the rights and interests of the people who take part in clinical trials.
The EU directive for clinical trials – Directive 2001/20/EC – stipulates that sufficient funding has to be available to provide indemnity if there is any bodily injury to research subjects taking part in a trial, and insurance provides this confirmation of indemnity. In fact, it is highly unlikely that the ethics committee will approve a clinical trial that has inadequate or no insurance in place.
As a specialist clinical trials broker, JLT provides a complete solution for life science companies needing this insurance cover.
WHAT WE DO
We manage insurance for thousands of clinical trials from large global programs to single territory trials.
- Quotations and placement of compliant and competitively priced clinical trials insurance cover
- A full-service insurance resource for providing central co-ordination between you and your insurers
- Stand-alone consultancy advice on clinical trials insurance cover and requirements
- Clinical trials insurance claims management.
Our clients range from major pharmaceutical organizations to start-up companies. Whether it is for a single or multiple territory trial, we offer our services with the same standard and quality worldwide.
We recognize that arranging clinical trials insurance can be an administrative burden so we have developed a streamlined certification process.
This ensures a fast response and minimizes the administration costs for our clients.
Our extensive experience of working with specialist clinical trials insurers enables us to secure competitive terms for our clients. We can quickly benchmark insurer’s pricing to ensure that their terms are attractive and can provide you with guidance on insurers’ capabilities in the countries where you are undertaking trials.
We maintain a detailed database of global clinical trials insurance legislative requirements and we track regulatory changes that affects the necessary territorial coverage. This knowledge enables us to provide you with up-to-date advice and helps to ensure that the insurance you purchase is compliant.