Since “you don’t know what you don’t know” and most people are not insurance experts, many ask more about the strategic portion of insurance for their life sciences business.
You want to know that you are covered if your product fails and that a policy is in place to respond to these kinds of claims.
It’s easy to determine what events can either put you out of business or negatively impact your company. For example, a product recall, a product failure that requires a revision surgery, supply chain interruptions and the list goes on. How can you be sure that your insurance policies will respond appropriately to these kinds of events?
Top Three Questions from Life Sciences Companies:
What can put us out of business?
What are risks that other companies like ours our facing?
What are the kinds of claims that have occurred for customers like me?
Your risk advisors help you think of these types of questions and provide the solutions you need for peace of mind.
Contact me to discuss Life Sciences insurance coverage.