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Specialty Insurance Lines - Life Sciences & Biotechnology 

Specialty Insurance Lines - Life Sciences & Biotechnology

Specialty Briefs

Those that pioneer new life science solutions have a different risk profile. 

You don’t know what you don’t know. This will come as no surprise to those that are trying to expand the horizons of knowledge in biotechnology and the life science.  The entrepreneur experience has always been about trying to find a new way to do business or a new way to deliver a product.


A life science company has liability that goes beyond the immediate policy term. Biotechnology firms are also at risk of government action or sanction by the FDA or other governmental entities. The professional liability exposure for infringement on the intellectual property of others, unknown errors or omissions in the work that you undertake to produce a new device or treatment is significant.  Most liability policies exclude much of the critical coverage that is the most important for those working on the leading edge of the life sciences.

Specialized Property

A property loss is devastating to any business but companies in the biotechnology or life sciences field are more exposed than most businesses. Laboratory environments, clean rooms, specialized storage equipment, spoilage, laboratory animals, research data are all exposed and the standard insurance policy will not cover a life science company’s true loss if there was a catastrophic event. The true exposure of a biotechnology firm is in the value of the loss of the work and the time to recover. We can make sure you understand this exposure and can plan accordingly.

Cyber Liability & Data Breach

Storing information in an electronic format allows for collaboration as well as the ability to do complex processing that is required in the life science arena. It also opens a business up to cyber-attacks and the loss of personally identifiable information, particularly when a company is doing clinical trials. Winters Oliver understands this risk and can help arrange coverage for Network and Security Liability, Communications and Media Liability, Regulatory Defense, Crisis Management Expense, Security Breach Remediation and a host of other coverage specifically for those that are at risk of cyber-attack.

Directors and Officers Liability

Being funded by a venture capitalist or angel investor is the day most life science start-ups hope will come. But even the company that is boot strapping their efforts need the protection of a Directors and Officers Liability policy. Bringing on board members, even unpaid board members can be difficult to impossible if you don’t have Directors and Officers Liability insurance. Directors and Officers Liability for Life Science companies can be challenging particularly at the pre-revenue stage. More seasoned companies need to consider increased limits for outside directors.  Winters Oliver can help you understand this unique coverage and obtain the proper limits to protect investors, board members and executives.

The Virginia Biotechnology Association

Contact Ben Winters at (804) 746-5178 ext. 112 or Sherwood Bowditch at (804) 746-5178 ext. 104.

Please feel free to browse our Specialty Line Best Practices Briefs  (available in PDF).

Life Sciences and Biotech Capabilities 


Winters-Oliver is a specialty insurance agency offering property & casualty insurance and employee benefits to small and middle market businesses.