The pharmaceutical industry has witnessed a significant rise in clinical trials, with India emerging as a preferred destination due to:

• Medical expertise

• Advanced infrastructure

• Availability of patients/research subjects

While the commercial rewards for being the first to develop an approved drug for a widespread disease can be substantial, the liabilities associated with clinical trials are equally significant for all parties involved.

The term “insured” under this policy includes a wide range of stakeholders, from the Sponsor, Medical Professionals, and Clinical Research Organizations to the Ethics Committee that approves the trial. The policy is also available separately for Drugs, Medical Devices, and Diagnostics.

At Securisk Insurance Broking Pvt. Ltd., our expert team leverages in-depth knowledge and experience to design customized policies with add-ons that protect your organization against potential financial losses.

Key Coverage

• Protection against lawsuits alleging death, bodily injury, or property damage resulting from participation—individual or group—in a clinical trial