Clinical Trial Insurance

The pharmaceutical industry has seen a dramatic rise in the field of clinical trials and India is now a preferred destination due to the availability of:

  1. Medical expertise
  2. Infrastructure
  3. Patient / Research subject

Commercial advantage to the company that produces the first approved drug for a disease that affects a large patient population can be enormous. At the same time, the liabilities associated with such trials can be significant for all parties involved.

The term 'insured' includes a wide group of people involved in the clinical trial, from the Sponsor to the Medical Persons to the Clinical Research Organization and even to the Ethics Committee that approves the trial. Further the policy is separately available for Drugs, Medical Devices & Diagnostics.

We at UNISON have dedicated team members who have in depth subject knowledge & experience that enables us to offer you the best tailor-made policies with add on to cover your financial losses.

Key Coverage:
  • The policy covers the risk and protects the insured against lawsuits alleging death, bodily injury, property damage, as a result of an individual or group participation in a clinical trial.