The right insurance for trial participants is an essential part of any clinical trial involving the testing of new drugs or medical devices. This insurance protects trial participants from potential risks and ensures that all legal and ethical requirements are met to safeguard participation in the trial.
When is clinical trial insurance required?
Clinical trials are necessary to test the safety and efficacy of new drugs or medical devices. Clinical trial insurance is required by law to protect participants from any damage that may occur during the trial. This insurance is independent of the liability of the sponsor or other parties and is usually taken out through a specialized insurance provider that is suitable for such risks.
Please contact us, we will be happy to advise you!
Why is a comparison of providers recommended?
There are various providers in the German and European insurance market with different strengths and weaknesses. As a result of our tenders, it is not uncommon for a clinical trial in the field of oncology to be offered 70% cheaper by provider A than by provider B. However, this can be completely the opposite for an MDR trial.
We are therefore happy to carry out a non-binding and independent comparison for you - provided there is enough time and the study certificate does not have to be submitted to the ethics committee within a few hours. The aim is to determine the optimal insurer and thus the best offer for you on the basis of our framework contracts.
Test subjects are not only exposed to risks during the clinical trial itself, but also on the way there. Travel accident insurance covers accidents that occur on the direct way to or from the trial site. This additional module offers financial protection for medical treatment, loss of earnings or permanent health impairments as a result of an accident.
Studies that work with radioactive or ionizing radiation pose particular liability risks. Radiation liability insurance protects against claims that may arise from possible radiation damage to trial participants or third parties. This special insurance is required by law in many countries and ensures that both study participants and trial centers are comprehensively protected.
During clinical trials, sensitive samples, medicines or equipment often have to be transported. Transport insurance protects against financial losses due to damage, loss or delays during transportation. This additional module is essential to ensure the safety and integrity of the study, especially for temperature-sensitive or high-priced study materials.
