In the complex world of Life Sciences, companies are faced with a number of challenges and unique risks.
Our expertise in this field means we can recommend innovative insurance solutions designed to be future-focused and flexible, with covers and service tailored to the very specific requirements of your business; today, tomorrow and into the future.

From R&D, medical device, pharmaceutical and biotech, through clinical trials to product sales and professional services, our long standing relationships with leading insurance partners allows us to offer a range of insurance solutions designed to cover every possible step on the path of a Life Sciences company.

If you’re an incubator business, your major area of interest at this point is probably R&D, small to medium businesses might be advancing to clinical trials, with more established companies involved in product sales, post testing and approval. But whatever end of the Life Sciences spectrum your organisation is at, we’re perfectly placed to provide expert, informed advice.

INCUBATOR BUSINESSES

As an incubator business, the odds are that you’re at the fund-finding stage of your journey in Life Sciences. You may be talking to venture capital providers. You’ll certainly be focused on research and development, but with no product to take to market at this stage, your insurance needs will be quite specific.
At Reich, we founded our business based on building long-term relationships with our clients, and that ethos will be with you throughout your journey to market and to continued growth and development. We can help you establish your business insurance programme, understanding the balance between being cost effective and providing the right cover to ensure you and your business are protected from the myriad of risks as your business evolves.
All the way through the R&D process and beyond, we can protect everything from your offices/ laboratories through to protecting your greatest assets – you and your ideas.

PRODUCT HIGHLIGHTS

  • Product Liability
  • Employers’ Liability
  • R&D Property
  • R&D Expenditure
  • R&D Income
  • Clinical Trials Liability

SMALL TO MEDIUM BUSINESSES

As your journey progresses, the potential for liability increases, and your need for innovative insurance solutions shaped to your evolving requirements as a fast developing small-to-medium size business grows.
Research and development will continue, but you’ll also be moving into product development and production. Initial public offering (IPO) may also need to be considered, together with additional insurance requirements.
We can help you build an insurance solution that can protect you through fast paced growth, whether you are working through clinical trials, launching new products into the market or wrestling with product supply chain and distribution. Protecting your intellectual property will become important as you continue to evolve new products and ideas, and we can even protect your business against reputational harm through our enterprise risk products.
We are also experienced in working with clients who have venture capital backing or are working through management buyout (MBO), acquisition or IPO, protecting both the business and shareholders through the process.

PRODUCT HIGHLIGHTS

  • Professional Indemnity
  • R&D Property
  • R&D Expenditure
  • R&D Income
  • Clinical Trials Liability
  • Product Liability
  • Employers’ Liability
  • Directors and Officers (D&O)
  • Supply Chain/Goods in Transit

CORPORATE BUSINESSES

As an established organisation in the field of Life Sciences, you may well be a large, multinational business with more than one location, dozens of production plants, and hundreds, if not thousands, of employees. Your business is going from strength to strength. But with success comes greater responsibility and, in turn, an increased requirement for expert, informed and dynamic, class-leading insurance solutions.
We have wide ranging experience in the UK and internationally, working with large scale business constructing highly complex insurance programmes with a strong emphasis on risk and claims management.
From protecting your property through to intellectual property, business reputation and supply chain, we can assemble an executive level team to work with your Board, Corporate Risk Managers and Procurement Teams to ensure the business is protected for the risks today and in the future.

PRODUCT HIGHLIGHTS

  • R&D Property
  • R&D Expenditure
  • R&D Income
  • Clinical Trials Liability
  • Product Liability
  • Employers’ Liability
  • Employee Fidelity
  • Business Interruption
  • Professional Indemnity
  • Medical Liability (Malpractice)
  • Goods in Transit
  • Product Recall
  • Global Programme
  • Risk Management
  • Claims Management
  • Reputational Harm
  • Intellectual Property