Clinical Trials
- Clinical Trials Liability
- Biologics
- Class I to IV Medical Devices
- Nutraceuticals (Supplements)
- Over-The-Counter Pharmaceuticals
- Prescription Pharmaceuticals
- Psychedelics
- Vaccines
Product Overview
Clinical research plays a vital role in medical innovation, but it doesn’t come without risk. From participant injury to legal claims, the liabilities are real.
Signal Underwriting's Clinical Trials provides insurance built specifically for this type of exposure. It helps life sciences companies stay protected during every stage of their clinical testing.
About Clinical Trials by Signal Underwriting Inc.
This product offers broad liability coverage for companies running human clinical trials. It includes participant injury, medical monitoring, and defence costs tied to lawsuits.
It’s built for firms working with biologics, pharmaceuticals, devices, and even psychedelics or vaccines. Signal’s product fits many types of trials, including those with complex testing.
Coverage applies across all Canadian provinces with a $2,500 deductible. Retail brokers are also eligible for a 17.5% commission, and no contract is needed.
Signal Underwriting manages claims through Canadian adjusters who understand clinical research. Policies are backed by Lloyd’s-rated carriers for added security.
For brokers, this product page offers easy access to coverage details and underwriter contacts. Scroll through the tabs to connect, ask questions, or request a quote.
Clinical Trials by Signal Underwriting Inc FAQs
What is a clinical trial insurance?
Clinical trial insurance covers claims that may arise during human testing of medical products or drugs. These can include injuries to participants or legal costs.
The coverage helps protect research firms and trial sponsors from financial loss. Clinical Trials by Signal Underwriting Inc is one such product designed for Canadian life sciences companies.
Who is the coverage for under Clinical Trials by Signal Underwriting Inc?
This coverage is designed for organizations conducting human clinical trials in the life sciences sector. It suits companies involved in research, development, or testing of regulated health products.
The policy can be used by firms working on new drugs, medical devices, or biologics. It's also suitable for sponsors managing trials through third parties across various jurisdictions.
Is this coverage suitable for companies working on vaccines?
Yes, the coverage for Signal Underwriting’ Clinical Trials includes vaccine research and development. This applies whether the vaccine is prescription-based or part of a broader clinical program.
The policy supports firms at any trial phase, including those under Health Canada’s regulatory pathways. It includes legal defence, participant injury, and medical monitoring during the course of the study.
Are all classes of medical devices eligible under this clinical trial insurance?
Yes, the policy covers Class I to IV medical devices as outlined in Canadian medical device regulations. This applies to both invasive and non-invasive types of devices.
Whether it’s a diagnostic tool, implant, or wearable device, this coverage supports device makers through trial phases. This flexibility helps startups and established manufacturers manage testing-related risks.
Does the policy include medical monitoring and legal defence costs?
Yes, medical monitoring and legal defence costs are both included in the coverage. These are essential parts of the Clinical Trials by Signal Underwriting product.
Medical monitoring covers the cost of ongoing checks on trial participants during and after the study. Legal defence applies when a claim or lawsuit is brought forward, and it includes legal fees and related court costs.
This protection is useful for companies facing adverse events, regulatory issues, or unexpected participant outcomes. It helps manage the financial risks that may follow an incident or a claim.
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