Pharmaceutical and Life Science firms around the world count on Lockton’s team for expertise in risk management and employee benefit solutions, as well as customized clinical trial programs.

Experience

We have extensive experience with pharmaceutical, biotech, medical device, and nutraceutical manufacturers and distributors.  Our team can help you anticipate risk issues and navigate through your exposures.  Then we’ll design custom insurance solutions for you, leveraging our relationships with specialty insurers worldwide.

How we do it

First, we will examine your business goals and connect them to your risk management and employee benefits objectives.  We have experience with all coverage triggers, as well as the key issues you face:

  • Batch and related circumstance wording
  • Recall coverage
  • Limit assessment
  • Clinical trials coverage
  • Professional liability and errors & omissions coverage

Lockton Advantage

Risk Management Guidance

Across all facets of your pharmaceutical or life science business:

  • Natural hazard modeling
  • Business continuity and business interruption studies
  • Supply chain assessment
  • Development and evolution of internal safety programs
  • Safety incentive programs
  • Coordination of insurer loss prevention services/outsourced vendors
  • Regulatory compliance (FDA)
  • Crisis management planning
  • Risk control benchmarking
  • Product liability and mass tort claims coordination

Your Lockton team can integrate your non-products liability exposures, too, along with mergers and acquisitions due diligence.

Managing Health Risks

Health risk factors in your employee population can also affect your company’s bottom line. Turn to Lockton’s employee benefits experts, who can design a program that will help you attract and retain talented workers while managing your healthcare costs.™

Discover more Insights & Publications  |  Read more in the Lockton Newsroom  |  See our Client Stories
Discover more Insights & Publications
Read more in the Lockton Newsroom
See our Client Stories