Partner for BiH
Pharmaceuticals
The pharmaceutical industry operates in an environment of strict regulation, high investment, and significant responsibility towards end users.
The manufacture, distribution, and sale of medicines carry specific risks — from product liability and possible side effects, through compliance with good manufacturing practice, to the sensitive conditions required for storing and transporting medicines. A production stoppage, batch contamination, or a product recall can cause major financial losses and reputational damage.
VIPOX identifies exposures across the entire chain — from manufacturing and wholesale to pharmacies — and builds an insurance programme that protects the product, assets, people, and business continuity.
Who It Is For
These solutions are intended for manufacturers of medicines and pharmaceutical raw materials, wholesalers and distributors, pharmacies and pharmacy chains, and importers and marketing authorisation holders. We tailor the programme to the scale and type of activity — from a large production plant to a retail pharmacy.
Risks We Cover
We cover product and professional liability, recall and batch contamination costs, property, plant and warehouses, business interruption, the cold chain and transport of sensitive goods, regulatory risks and marketing authorisation holder liability, directors' and officers' (D&O) liability, and cyber risks over patient data and production systems.
Practical Examples
Contamination or a mislabelled batch of medicine can trigger an urgent market recall and claims, covered by product liability and recall cost insurance. A cold chain failure during transport or storage can destroy a valuable batch of temperature-sensitive medicines, and a plant breakdown can halt production — risks covered by property, cold chain and business interruption insurance.
Our Approach
As an independent broker, we analyse risks along the entire pharmaceutical value chain, select insurers experienced in the sector, negotiate the most favourable terms, and manage the entire claims notification and recovery process. With a sound knowledge of the domestic market and dedication to every client, our partnership with AON for BiH also provides access to the international insurance and reinsurance markets for greater capacity and specialist cover.