Research and Development Insurance

Ideal Accounts and Appetite

This program is an excellent fit for a wide range of research-driven businesses, including but not limited to:

• Biotech and pharmaceutical start-ups
• Medical device developers
• Contract research organizations (CROs)
• Tech companies offering R&D services or hybrid product/service models
• Virtual companies operating with outsourced supply chains

You might have a client launching a new medical device and beginning clinical trials, or a software company developing a proprietary algorithm for healthcare data—both would be strong candidates for this program.

Coverage Highlights and Advantages

The Research & Development policy provides broad and customizable protection, enabling coverage to grow with your client's business. Key features include:

• General Liability – Protects against third-party bodily injury and property damage claims.
• Professional Liability – Covers errors or omissions in R&D services rendered.
• Product Liability – For companies offering physical or digital products.
• Pollution & Contamination Liability – Address exposures from lab materials or testing environments.
• Clinical Trials Coverage – Crucial for companies entering the testing phase.
• Intellectual Property Rights Infringement – Helps manage the risk of IP disputes.
• Virus & Hacking Attack Liability – Protection against cybersecurity threats.
• Ideologically Motivated Attacks – Includes unique considerations for controversial or cutting-edge research sectors.
• Brand Protection – Preserves reputation in the wake of negative events or claims.

Underwriting Notes and Minimum Premiums

With minimum premiums starting at $1,000, this program is accessible to emerging businesses and start-ups. Veracity welcomes new ventures and early-stage operations. Their underwriting team understands the nuances of scientific innovation and works closely with brokers to structure coverage that fits.

Territories and Availability

This program is available nationwide, including all 50 states and Washington, D.C. Most markets are available on a non-admitted basis, offering flexibility for unique or hard-to-place risks.

Why Work With Veracity Insurance Solutions

Veracity Insurance Solutions is a respected Managing General Agency and Excess & Surplus Lines Broker with access to multiple carriers and a strong track record in niche liability programs. Their expertise in emerging industries and commitment to flexible underwriting make them a reliable partner for brokers seeking specialized R&D coverage. From application to policy issuance, Veracity supports you with responsive service and market insight.

Frequently Asked Questions

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