QBE North America, part of the global insurer QBE, has launched a new Life Sciences insurance product designed to address the complex and evolving risks faced by medical product developers, manufacturers, and distributors.
The product provides liability protection across a broad range of classifications, including clinical trials, dental and medical devices, personal care products, specialty pharmaceuticals, and animal health products.
QBE offers primary and excess Life Sciences liability coverages, including products completed operations, clinical trial liability, errors and omissions (E&O), general liability, and healthcare professional liability.
Lisa McCormack, vice president, underwriting leader – Life Sciences, QBE North America, said, “Life sciences companies face a unique and fast-changing risk landscape.
“Our new offering is tailored to meet the specific coverage needs of these businesses as they continue to innovate and advance health care.”
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John Livatino, senior vice president, head of Healthcare Liability, QBE North America, added, “Our new Life Sciences product offers flexible and comprehensive coverage.
“By leveraging our suite of Healthcare Liability solutions, we can also expand coverage for life sciences companies to include areas like medical professional liability and technology. Whether it’s Life Sciences, Digital Health or Miscellaneous Medical Liability, we’re committed to providing a comprehensive insurance solution to these organizations.”
This launch builds on QBE’s expanding Healthcare Liability portfolio, following the introduction of its Miscellaneous Medical Liability product in 2024—the first in a series of solutions aimed at meeting the diverse needs of healthcare professionals.
That policy includes coverage such as Professional Liability, Physical and Sexual Misconduct Liability, General Liability, Employee Benefits Liability, Errors & Omissions (E&O), Tech & Media Liability, and Excess/Umbrella.
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