CFC has extended its life sciences insurance offering to mid-market companies and is now offering excess products liability, E&O and clinical trials solutions for global clinical research organisations manufacturing or selling medical devices, functional food and dietary supplements with a revenue threshold of £2.5bn.
“The life science sector is possibly one of the most dynamic and has expanded faster than most other industries in recent years, fuelled by increasing patient and consumer demand for high-quality products and treatments,” said life sciences team leader at the insurer, Sean Burke. “While it hasn’t escaped the impact of the global pandemic, it is an industry sector that could make tremendous future contributions to economies around the world as it continues to pioneer treatments for new and existing conditions.”
“Our team has over a decade’s experience of providing bespoke insurance products for the complex risks these businesses face, and so extending our appetite to now be able to deliver solutions for mid-market companies is a natural evolution of our offering.”
CFC first entered the life science market in 2009 and now services over 4,000 life science businesses in over 25 countries. It has the capacity to offer limits up to £10m.
Latest News
-
BSI: Businesses don’t understand implications of net zero
-
HSE to increase COVID-secure spot checks
-
VIEW: Trade credit weaknesses remain despite government scheme
-
Government moves to increase pressure on late payers
-
2021 Predictions: Cyber carriers will become more selective
-
Flying taxis on horizon as Sompo and Flock join forces
Are property insurers ready for timber
The Structural Timber Association is gearing up to help all stakeholders in the construction supply chain to fully appreciate the advantages of building in timber, how to deliver such projects and most importantly to understand and manage the risks.
The changing face of BC and WAR
The working environment has changed quite dramatically for many over the last six months. With social distancing and the rise of homeworking, it is not just how businesses operate that has changed, but also how they recover. In this podcast we discuss some of the challenges created by the quick shift to home working, why the office may not have seen its last days and how the current environment can impact the ability of a business to recover.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories