Clinical Trial Policy
Clinical Trial Insurance provides financial coverage to pharmaceutical companies, research organizations, and medical institutions conducting clinical trials. It covers liabilities arising from injuries to participants, damage to property, and other risks associated with clinical research studies.
Add-On
Serious Adverse Events - Coverage for expenses related to investigating and reporting serious adverse events occurring during the clinical trial.
Emergency Medical Evacuation - Coverage for emergency medical evacuation and repatriation expenses for trial participants requiring urgent medical treatment or evacuation to their home country due to injury or illness during the trial.
Global Coverage - Coverage for clinical trials conducted in multiple countries or jurisdictions.
Contractual Liability - Coverage for liabilities arising from indemnification agreements, contractual obligations, or legal agreements with sponsors, collaborators, or regulatory authorities involved in the clinical trial.
Exclusions
1. Damages or injuries resulting from intentional misconduct, fraud, or criminal acts by the insured or individuals involved in the clinical trial.
2. Damages or injuries resulting from the failure to obtain informed consent from trial participants or adhere to ethical guidelines and regulations governing clinical research.
3. Damages or injuries resulting from deviations or non-compliance with the clinical trial protocol, study procedures, or regulatory requirements.
4. Damages or losses resulting from perils not covered under the policy, such as acts of war, terrorism, natural disasters, or pandemics, are excluded unless specifically endorsed or included in the policy.