GenStar offers coverage for sponsors of pharmaceutical and medical device clinical trials.
COVERAGE
Commercial General Liability, including Products and Completed Operations plus limited Professional
Written on Claims-Made coverage form
Defense inside or outside the limits of insurance
Retroactive date at inception of the clinical trial
Rating is based on the number of subjects
RISK APPETITE
Sponsors and sponsor/investigators of clinical trials for pharmaceuticals and medical devices.
Eligible Exposures
The sponsor of clinical trials for either a new pharmaceutical or medical device
Ineligible Exposures
Trials involving:
Implantable medical devices
Obesity / Weight Loss
Gene therapy administered to healthy patients
Minors as subjects for psychopharmacologic and psychotropic drug trials
LIMITS
Minimum $5,000 deductible (higher depending upon the trial)
SUBMISSION REQUIREMENTS
Cover letter including a description of the trial, name of the trial, site of trial, number of subjects, trial duration, age of subjects and potential side effects
Signed General Star “Biotech & Clinical Trials Application” or equivalent clinical trial application
Complete this form and an underwriter will contact you as soon as possible. Note: Coverage cannot be bound or changed via this form. (If your matter is urgent, visit our contact page for phone numbers.)
