Serving all of New England

Biotech & Life Sciences

Insurance Solutions for Biotech & Life Sciences Manufacturers

As a biotech company, do you find yourself asking if your current insurance program will protect your assets and investments in the event of a significant loss? Your business faces certain risks that need specialized insurance coverage, most importantly liability for bodily injuries to those participating in clinical trials.

Typically, claims relating to clinical trials are specifically excluded under a general liability insurance policy. You need a well-crafted endorsement that provides coverage for bodily injury arising out of clinical testing and for claims made by trial subjects involving the product and administration of the test.

You may also need additional coverage for:

  • Product Liability: to protect against claims made by consumers that the drug allegedly caused bodily injury
  • Directors & Officers Liability: to protect against lawsuits for unexpected financial losses and drops in share prices
  • Business Interruption: to cover loss of income after a disaster
  • Cyber Security Liability

At McGrath Insurance, we can analyze the unique risks of your company and tailor an insurance program to your needs for a competitive price.

Contact us at 508-347-6850 to schedule an insurance risk management audit of your business today.

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Powerful Network

Our staff conducts extensive research to develop a custom insurance plan or risk management strategy for your personal or business needs. We then present you with a selection of programs from multiple insurance carriers that will protect your business equity or personal net worth.

Educational Partner

Do you know what gaps may be hidden in your coverage, leaving you unprotected when disaster strikes? We pride ourselves on educating our clients on their coverage details, including the terms, limitations and conditions of their insurance policies. We also produce fresh content in our Resource Center that is timely and of most value to you.

Heart of New England

As a regional insurance agent and broker, we understand what it means to service our clients throughout New England. With two central offices, we understand the very specific risks of the region’s businesses and consumers and can tailor an insurance solution to meet your needs.

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What do you need to file a claim? When you’re dealing with a loss, you should be confident in knowing that our licensed staff will respond promptly. We handle claims on a more personal level, working directly with your insurance company throughout the entire process to ensure that your claim is settled both quickly and fairly.

Tailored Coverage

You should never have to compromise on your insurance protection. Every individual, business, and family has a unique set of needs that can’t be met with a one-size-fits-all quote. Our Freedom Plan lays the foundation for us to customize an insurance plan that’s tailored to your specific needs and risks at a competitive price.