Let’s protect the risks you face when conducting business outside the U.S.
Foreign Package Insurance for Life Sciences Companies
Regardless of the size of your company, U.S. based businesses that travel or do business outside the U.S. face risks when: your employees travel outside of the country; your employees settle in a location outside the U.S. either temporarily or permanently; your sales offices or other operations are located outside of the U.S., and; your products and/or services are sold outside of the U.S.
What’s in a Foreign Package Policy?
- Foreign Clinical Trials
- Global Property including Political Risk Insurance with unique coverages addressing life science risk such as delayed access and wastage of perishable material
- Foreign Voluntary Workers Compensation provided by Global Personnel Protection
- International Contingent Auto Liability
- International Accidental Death & Dismemberment
- Global Kidnap and Ransom Expense Coverage
- Management Liability
Who needs coverage?
- Drug manufacturers and drug wholesale manufacturers
- Biotech firms
- Medical device and supply companies
- Laboratories contract and clinical research and development facilities
- Pharmaceutical companies
- Nutraceutical and food supplement companies
- Medical technology manufacturers
- Clinical trials facilities
- Academic institutions
Key areas of concern
- Research & development
- Clinical trials
- Product launch
- Protection of property
- Information security
- Regulatory and compliance risk
- Global risk
- Control of damaged goods/fear of loss
- Regulatory compliance
- Shipments under temperature control
- Delay, decay and deterioration
- Revenue recognition
- Brands, label and trademarks
- Unpaid vendors
- Inland transit
Interested in an insurance proposal at no obligation or cost?
Need more insurance coverages?
Business Auto | Business Interruption | Commercial Property | Cyber Liability | Directors & Officers
Employment Practices Liability | Errors & Omissions for Life Sciences | Fiduciary Liability | Foreign Package for Life Sciences
General Liability | Professional Liability | Umbrella/Excess Liability | Workers’ Compensation