Life Sciences

Kinsale has extensive industry knowledge insuring health related products and can tailor solutions for your hard-to-place risks. Options can vary greatly with differing ingredient and material exclusions, claims-made or occurrence forms, defense provided inside or outside the limits and deductible alternatives. General Liability and Professional Liability coverages can be written on a combined or on a stand-alone basis.

Target Classes:

  • Biologics
  • Clinical Trials
  • Dietary Supplements
  • Durable Medical Equipment
  • Health and Beauty Products
  • Medical Devices
  • Pharmaceuticals

Minimum Premiums:

  • $2,500 – $1M/$2M;
  • $10,000 – $5M/$5M;
  • $17,500 – $10M/$10M.

Policy Structure:

  • Commercial General Liability/Products Completed Operations Liability and Professional Liability;
  • Claims-made coverage form, with occurrence coverage available for certain risks;
  • Policy Limits up to $10M available on primary or excess basis. Follow-form excess capacity of $10M on both a supported and unsupported basis;
  • Defense normally written inside the limit, but may consider outside the limit based on the risk;
  • Automatic inclusion of Landlords, Trade Events and Vendors as Additional Insureds.

Available Coverage Enhancements:

  • Data Breach;
  • Employee Benefits;
  • Errors & Omissions;
  • Hired & Non-Owned;
  • Primary & Non Contributory;
  • Product Recall;
  • Waiver of Subrogation;
  • Worldwide Coverage.

Submission Requirements:

  • Kinsale Application (Signed and dated by the Insured when bound);
  • Supplemental Applications, where appropriate (Signed and dated by the Insured when bound);
  • Five Year currently valued company loss runs with a description provided for large losses over $25,000;
  • Copy of current Declarations Page;
  • Copy of all Product Labels;
  • Copy of all Advertising Literature;
  • Website Information.