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Public liability insurance

as well as product and genetic engineering liability insurance for life sciences

Product and public liability insurance protects companies against third-party claims for damages if personal injury, property damage or resulting financial losses are caused by operational activities. However, pure financial losses without prior personal injury or property damage are not covered.

Important to know: Manufacturers are liable - regardless of fault - for damage caused by the products they place on the market. This liability is a key risk, especially for companies in the medical technology, pharmaceutical or research sectors.

Whether development, production or distribution: for companies in the life sciences sector, a partner with a deep understanding of the industry is essential. We work with you to analyze your planned products, services and research activities - and develop tailor-made insurance solutions on this basis.

What is insured under public and product liability?

Our public liability and product liability solutions offer protection for, among other things:

  • Operational risks in laboratories - including genetic engineering facilities in accordance with official requirements (e.g. S1 or S2 laboratory) as well as special product liability for genetically modified organisms
  • Participation in international trade events - such as trade fairs, congresses or business trips
  • Rented properties - offices, laboratories or other business premises
  • Damage to borrowed equipment and facilities - including loss of keys to laboratories or hospital facilities
  • Foreign materials in laboratory operations - for example when analyzing or testing samples, active substances or reagents provided
  • Environmentally relevant substances - including solvents, chemicals, disinfectants - on request also radiation risks from e.g. X-ray technology
  • Product risks - for own products as well as for imports from third countries outside the EU
  • Compulsory cover in accordance with the German Medicinal Products Act (AMG) or the EU Medical Device Regulation (MDR)
Laboratory

"Research with responsibility: genetic engineering liability insurance protects when risks become reality."

Jutta Zaglauer - Senior Risk Advisor Atrialis GmbH

Genetic engineering liability insurance

In genetic engineering laboratories - whether safety level S1 or S2 - particular liability risks arise. Even minor manipulation of the genetic material of microorganisms, cells or cell lines can have far-reaching consequences. Genetic engineering insurance protects against the financial consequences of personal injury and property damage caused by the characteristics of an organism resulting from genetic engineering work.

This insurance is particularly essential for companies in biotechnology, pharmaceuticals or molecular biology research. In many cases, it is even required by the authorities - depending on the Genetic Engineering Act (GenTG) and the respective safety level of the facility.

What does genetic engineering insurance cover?

The policy covers the following risks, among others:

  • Personal injury due to contact with genetically modified microorganisms
  • Material damage, for example due to contamination or accidental release
  • Environmental liability if genetically modified organisms are released into the environment
  • Liability under the Genetic Engineering Act and, where applicable, the Environmental Liability Act (UmweltHG)
  • Recourse claims from authorities in the event of incidents for which they are not responsible
  • Damage to research partners, e.g. in joint laboratory projects or outsourced analyses

 

The insurance cover can be customized - depending on the size of the laboratory, risk class, type of genetic engineering work and organisms used. Combinations with other policies such as public and product liability or special insurance for clinical trials are also possible.

Genetic engineering

Ask for our guide to find out more about our special concept for D&O insurance for life sciences companies!

laravel and vue

Get professional advice on a customized business liability insurance solution!