Clinical Trials Insurance: Tested Insurance Solutions
We provide clinical trials insurance solutions to institutional research organizations, pharmaceutical, biotechnology, and medical device companies to help reduce your risks.
Clinical Trials Insurance in Canada
Are you a sponsor, contract research organization or a principal investigator that requires protection for your clinical trials? We provide the relevant coverage at every stage of the clinical trial process. Our insurance professionals understand your specialized risks and can help you build a secure insurance policy.
What is Clinical Trials Insurance?
Clinical trials insurance is insurance that helps protect researchers and others involved in conducting clinical trials from potential negligence and no-fault harm.
Health Canada approves 900 different types of clinical trials each year, including cancer treatment, pharmaceutical drugs, medical devices, pediatric, long-term care, and many more.
What is Covered Under a Clinical Trials Policy?
There are several coverage options under a clinical trials insurance policy. Your policy may include the following:
Clinical Trials Liability:
We offer clinical trials liability at every phase of the trials for products, including drugs, medical devices, and more.
Supports patients for medical expenses at certain stages of the clinical trials.
Also called non-negligent harm, no-fault compensation involves paying patients that suffer from unintentional physical harm, health impairment, or death from clinical trials.
Clinical insurance coverage may also support clinical trial compensation guidelines, product-completed operations and professional liability coverage.
Consult one of our experienced brokers to build a unique policy for your needs and budget.
Why Choose Rhodes & Willams Insurance?
In Business for almost 90 years.
As an independently owned brokerage, we take care of our clients at every stage of the insurance journey, from the initial connection to the completion of each customer’s request, on time.
Hands-on Insurance Services.
We have a team of committed brokers, which allows us to be the go-to insurance brokerage in major cities in Canada. We provide impeccable service so you can go on with your life with your insurance needs taken care of.
Trusted by Many.
Whether you need home, car, business, or recreational insurance in Canada – we have your back. See our Testimonials for proof of exceptional service.
When you request clinical trials insurance in Canada, you may need to present these documents below to your insurance company. The documents include:
– Clinical trial protocol document
– Consent documents
– Background information (organization involved & relationship to each other)
Your policy limits may range from up to $20 Million (domestic) and up to $100 Million (foreign, combined). Incomplete limits could result in delayed clinical trials and shutdowns. Ensure you speak to one of our brokers who specializes in clinical trials insurance for a breakdown on limits and coverage options.