Life Sciences Insurance

Comprehensive Risk Management for the Life Sciences Industry

USI’s Life Sciences team focuses on mitigating and insuring risks throughout the product life cycle — incubation to human clinical trials to commercialization to globalization. Our Life Science clients face extensive challenges with multi-plaintiff product liability litigation, global supply chain exposures, government regulations, recall & contamination, environmental challenges and business continuity. USI works with our clients to address these risks through industry specific risk management techniques and risk finance strategies. Our dedicated team focuses on pharmaceuticals, biotechnology, medical device, contract research organizations, and contract manufacturers. A key focus of our practice is providing risk management advisory services to our clients and their strategic advisors when evaluating equity investment options including venture capital, private equity, IPO’s, mergers and acquisitions.

USI’s Life Science team structures insurance solutions and services including:

  • Product Liability
  • Product Contamination & Recall Coverage
  • Global Clinical Trials
  • Asset Protection and Business Continuity
  • Seamless Inventory Coverage - Transit, Storage and Distribution (Stock Throughput)
  • Directors and Officers Liability
  • Mergers and Acquisitions Due Diligence
  • Transaction Liability Coverage
  • Cyber/Data Breach
  • Workers’ Compensation Cost Containment
  • Environmental Risks
  • Contractual review of key corporate transactions and customer agreements

To analyze our clients' business issues and challenges, our Life Science Practice leverages USI ONE®, a fundamentally different approach to risk management. USI ONE integrates proprietary business analytics with a network of local and national technical experts in a team based consultative planning process to evaluate the client’s risk profile and identify targeted solutions. Clients then receive tailored recommendations for improving their total cost of risk.

Experience the USI ONE Advantage® and learn how USI’s Life Science industry specialists can provide your business with best-fit insurance products and sound risk management advice. Email to learn more or contact your local USI office today.


The USI Life Sciences practice performed an analysis of a medical device company’s risk management program using our proprietary OMNI solutions engine, catastrophe modeling, and claim analytics. The program review identified an opportunity for a significant premium reduction by recommending a Deductible program for Workers’ Compensation based on favorable claim trends combined with an aggressive loss control service plan. In addition, upgraded Management Liability and Cyber policies with USI proprietary endorsements enhanced coverage compared to the base policy forms. USI’s analysis lowered premiums by 10% even with higher Flood, Earthquake, and Contingent Business Interruption limits and lower deductibles. The result was an 18% reduction in total cost of risk and more than $10,000,000 of additional insurance protection for the client.

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