Partner for BiH
Life Sciences
Life sciences — biotechnology, medical devices, laboratories, and research and development — are among the most innovative yet most heavily regulated activities.
The sector spans the development and manufacture of medical products, diagnostics, clinical trials, and advanced chemistry, where even the smallest error can have serious consequences for human health and a company's reputation. A long and costly research cycle, protection of intellectual property, product liability, and compliance with demanding domestic and international regulations make the risk profile exceptionally complex.
VIPOX analyses the specific exposures of every stage — from the laboratory and clinical trials to bringing a product to market — and structures an insurance programme that protects assets, liability, and business continuity alike.
Who It Is For
These solutions are intended for biotechnology and pharmaceutical companies, manufacturers of medical devices and diagnostics, laboratories and research centres, institutions conducting clinical trials, and suppliers of specialist equipment and reagents. We tailor the programme to the stage of development — from early research to serial production and export.
Risks We Cover
We cover product and professional liability, clinical trial risks, property, equipment and laboratories, business interruption, the cold chain and sensitive goods, product recall costs, protection of intellectual property, and cyber risks over research and patient data. We pay particular attention to regulatory compliance and the liability of marketing authorisation holders.
Practical Examples
A defective medical device or an adverse drug reaction can trigger claims and a product recall, with liability and recall cover compensating the costs. A refrigeration failure can destroy a sensitive batch of vaccines or samples, and a laboratory shutdown can halt a research project — covered by property, cold chain and business interruption insurance.
Our Approach
As an independent broker, we analyse the exposure at every stage of the product life cycle in detail, select insurers experienced in a demanding regulatory environment, negotiate terms in your interest, and manage the entire claims notification and recovery process. Through our partnership with AON for BiH, we open access to the specialist international market when greater capacity or specific cover is required.