Life Science Insurance

Life science companies face challenges that are inherent to their business, from the importance of ensuring their products are safe, to protecting their brands. Companies also face a range of changing and emerging risks, from increasing regulatory scrutiny, supply chain complexities, sector consolidation, increasing litigation and data integrity exposures.

Underpinning these challenges is needed to protect the company’s reputation, especially in the age of social media. A supply chain disruption, cyber-attack or a clinical trial that goes wrong could have a massive impact on your company.

For more than 20 years, JLT has been an insurance leader in the life science sector. We help a range of organizations including pharmaceutical, bio-technology, clinical research, medical device and specialty chemical companies to identify and manage their risks and implement effective risk, management and financing solutions.


Companies in the life science sector require a thoughtful, tailored and technical approach to assessing and designing insurance solutions. We invest in experts, specialist teams and capabilities to keep abreast of current and emerging risks and develop solutions for your precise requirements.

Our expertise includes:

JLT helped create the first non-damage business interruption cover for life science companies, which covers loss of earnings and increased costs of working due to a supply chain interruption caused by non-physical damage events, such as regulatory shutdown, pre-emptive shutdown and import ban.

We have a long history of placing product liability insurance for life science companies to protect against claims if your products cause personal injury or damage. 

With the growing complexity of production sites, supply chains and outsourcing, few standard property damage and business interruption programs will properly address a life science company’s risk profile. We work with clients to design and place tailored, extensive cover that is appropriate to specific exposures.

The unprecedented increase in litigation of life science companies increasingly exposes their directors. Our directors’ and officers’ liability specialists work closely with our clients to build the protection you need.

With growing concerns around data integrity and security, cyber insurance is becoming an essential cover for life science companies. We have had help developing market leading cyber insurance products that gives extensive coverage for current and emerging risks. 

Our specialist knowledge of the risks faced by life science companies transporting valuable and sensitive products has enabled us to  help develop bespoke marine cargo insurance solutions and claims expertise. We are a market leader in the cargo and stock throughput insurance program segment.

With increased restructuring and consolidation in the life science sector, mergers and acquisitions (M&A) insurance can play an important role as a deal-enabler by taking unwanted risk out of the process. Our due diligence and M&A team provide custom support and risk transfer solutions. 

As a specialist in clinical trials insurance, we place insurance for thousands of clinical trials every year, from single territory trials to large global programmes for major pharmaceutical companies.

Insurers normally ask for a copy of the draft study protocol document (the document that describes the objectives, design, methodology, statistical considerations and organisation of a clinical trial) and informed consent form (the form in which a participant confirms his or her voluntary consent to participate in a trial) to be able to provide a quote. You can obtain a quote for your clinical trials insurance by contacting one of our clinical trials specialists.


  • Our knowledge of the life science sector and the insurance market enables us to develop bespoke, and often unique, solutions to the complex risks you face
  • Our people are approachable, collaborative and easy to deal with, and this is what makes us stand out. Our client first attitude is central to our culture; we are a people business and we pride ourselves on delivering personal service
  • Some risks can be difficult to transfer to the conventional insurance market due to prohibitive costs or capacity constraints. We are a leader in offering non-conventional solutions to your risks
  • Our analytics team provide you with valuable insights to help you make informed decisions about your risks and risk financing strategy. To do so, we have built sophisticated insurance risk models that help you benchmark your risks against relevant metrics and industry trends and measure how cost-effectively insurance can remove volatility
  • We are the only firm to look at risk on a future, five-year horizon – allowing us to think strategically about the risks and consider multiple “what if” scenarios.

Risk Management

We can help with loss prevention strategies to reduce the frequency and severity of losses, reduce claims costs and potentially reduce premiums. Understanding your business is central to what we do, so we are well placed to help you assess critical risks to your business, as well as to mitigate or eliminate them. 

We have in-depth experience in helping life science companies to identify and manage their supply chain risks by mapping and quantifying the exposures and identifying critical points in your supply chain.

JLT has extensive modelling and analytics capability. We use this resource to provide clients with valuable insights on:

  • risk tolerance and risk appetite
  • exposures analysis
  • claims projections
  • insurance programme design efficiency based on forward looking expectancies.

This capability helps our clients to optimise their insurance arrangements so that they retain risk where it is efficient to do so, and utilise insurance to efficiently fund risks that their company is unable or unwilling to retain.

We can help you to be better prepared to deal with the impact of a major loss so that you can minimise your business downtime.

Working with your manufacturing, IT, quality, R&D, compliance teams are backed with commercial experience, we have supported enterprise risk management (ERM) programs from the inside as risk managers and as consultants. We bring all our knowledge to develop customers ERM programs that meet our clients unique needs based on the various global ERM frameworks (ISO, COSO, etc).

We recognise the importance of managing and maintaining highly protected risk facilities to protect your critical and research operations. We have a global team of engineers and a wider network of consulting specialists with a broad range of industry experience and a high level of technical expertise in risk and loss control services.


We have the experience, resources and industry knowledge to manage large or complex claims.

When you have a loss, we act as your advocate and focus on managing the claim process – helping to resolve any issues so that your claim can be settled promptly, minimising disruption to your business.

We specialise in helping to settle complex or difficult claims and resolving disputes.

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