Life Sciences
by Cansure
Life Science Insurance
CA$ 2K /year
CA$ 10M
CA$ 1,000
All Provinces
Yes
- Clinical Trials Liability
- Commercial General Liability
- Medical Malpractice
- Product Liability
- Professional Liability
- Contract research organizations and Institutions
- Cosmetics
- Biotechnology
- Pharmaceutical Operations - includes both branded and generic pharmaceuticals
- Medical Devices - Non-invasive and Invasive
- Clinical Trials
- Nutraceuticals including Dietary supplements, vitamins, minerals, food and topicals
- Digital Health and Telemedicine Companies
- Laboratory and Diagnostic Services – Dental Labs, Medical Labs, Sleep Labs, Genetic Testing Labs
- Veterinary Pharmaceuticals
Product Overview
Life Sciences by Cansure offers insurance designed for the unique needs of the life sciences sector. This product supports companies at every stage, from research to market.
Coverage includes clinical trials liability, general liability, medical malpractice, product liability, and professional liability. Each policy is tailored to fit the risks faced by organizations in this fast-changing industry.
This Cansure solution is available to a wide range of businesses. These include contract research organizations, biotechnology firms, pharmaceutical operations, medical device companies, and digital health providers.
It also serves nutraceutical businesses, diagnostic labs, and veterinary pharmaceutical companies. The policy is available in all provinces and comes with a $1,000 deductible.
About Life Sciences by Cansure
This policy stands out for its flexible approach. Coverage can be adjusted to match the specific needs of each client, whether a startup or a global leader.
Insurance brokers must have a contract to access this product. For more details or to request a quote, brokers can us the 'Contact Underwriter for Quote’ or explore the product references on this page.
Life Sciences by Cansure FAQs
What industries can benefit from this life sciences insurance product?
This insurance product is designed for a wide range of life sciences businesses. Eligible industries include biotechnology, pharmaceuticals, medical devices, clinical trials, nutraceuticals, cosmetics, digital health, diagnostic labs, and veterinary pharmaceuticals.
How does Life Sciences by Cansure address risks in clinical trials?
The policy includes clinical trials liability coverage. It helps protect organizations from claims related to injuries or damages that may occur during clinical research involving human participants.
Are cosmetic companies eligible for coverage under this insurance?
Yes, cosmetic companies are included in the target class for this insurance. Businesses involved in developing, manufacturing, or distributing cosmetic products can access tailored coverage through this solution.
What makes this policy suitable for both startups and established companies?
Cansure’s Life Sciences product offers flexible coverage that adapts to each client’s needs. This supports both new ventures and global leaders by tailoring protection at every stage of growth.
Does this insurance include protection for errors and omissions?
Yes, errors and omissions (E&O) coverage is included in the policy. This protects against claims from professional services or advice that result in financial loss or harm.
What is the process for brokers to access Life Sciences by Cansure?
Brokers must have a contract with Cansure to access and offer this product. This ensures proper support and compliance for both the broker and their clients.
Is medical malpractice insurance part of this product?
Medical malpractice coverage is included in this insurance. It protects organizations against claims of negligence or errors in the delivery of medical services.
How does this Life Sciences policy support digital health and telemedicine companies?
Cansure provides tailored coverage for digital health and telemedicine companies. The product addresses the unique risks of remote healthcare and digital platforms.
Are laboratory and diagnostic services covered by this insurance?
Yes, laboratory and diagnostic services are eligible for Life Sciences by Cansure. This includes dental labs, medical labs, sleep labs, and genetic testing labs, all of which can access specialized protection.
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