Life Sciences Insurance

Tailored Insurance Protection for the Life Sciences Sector

Our tailored insurance solutions safeguard your research, products, staff, and reputation, ensuring resilience in a highly regulated industry.

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Life Sciences

Life Sciences

The life sciences industry encompasses some of the most innovative and regulated fields in the world, including biotechnology, pharmaceuticals, medical research, and clinical trials. These organisations face elevated exposure to intellectual property disputes, product liability, data privacy risks, and regulatory scrutiny.

At Angelic Insurance, we provide general advice to help life sciences businesses explore suitable cover options such as professional indemnity, product liability, cyber liability, clinical trial insurance, and management liability. We work with trusted Australian insurers to help you compare policies that reflect the complexities and compliance demands of your operations.

Whether you're a start-up biotech firm, a medical device company, or a university-affiliated research group, we help you find coverage options that protect your mission, innovation, and team.

Comprehensive Protection

Protect people, property, and cash flow

Risk Management

Identify and mitigate business risks

Expert Support

Professional guidance from experienced brokers

Compliance Ready

Meet legal and contractual requirements

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Main Problems/Challenges Life Sciences Industry Face and How We Can Help Solve Them.

Life sciences businesses, from biotech to medical research and pharmaceutical manufacturing, face unique risks involving regulation, product safety, and intellectual property. The right protection ensures your work remains compliant, credible, and sustainable through every stage of development.

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The Problem

Developing or distributing medical products, supplements, or biotechnology carries the risk of side effects, contamination, or defects that can cause injury or damage. These claims can be financially devastating and harm your reputation.

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Our Solution

We provide Product Liability cover options that assist with the cost of defending and settling claims related to defective or harmful products, helping you maintain compliance and business continuity.

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The Problem

A small error in data collection, testing, or reporting during a clinical trial can lead to serious setbacks, financial losses, or reputational harm.

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Our Solution

Our Professional Indemnity cover options help manage costs associated with legal defence and compensation for alleged errors or omissions in research, testing, or clinical processes.

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The Problem

Life sciences organisations are heavily regulated under Australian standards like the TGA (Therapeutic Goods Administration). Any breach, misreporting, or delay in compliance can trigger costly investigations and penalties.

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Our Solution

We offer Management Liability cover options that assist with legal, audit, and investigation costs arising from regulatory actions, helping safeguard your business’s credibility and compliance.

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The Problem

Contamination of materials or errors in formulation can make entire product batches unsafe, requiring urgent recalls and communication with regulators and customers.

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Our Solution

Our Product Recall and Contamination cover options help with the costs of recall logistics, product replacement, and communication expenses, helping you act quickly and responsibly.

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The Problem

In research and innovation, IP is your most valuable asset. Competitors or collaborators may challenge your patents, trademarks, or research ownership, resulting in lengthy disputes.

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Our Solution

We offer Intellectual Property cover options that help manage legal expenses associated with IP defence or infringement claims, protecting your innovations and market advantage.

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The Problem

Specialised lab equipment and research materials are expensive and sensitive. Damage from power surges, mishandling, or environmental changes can lead to significant losses and delayed projects.

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Our Solution

Our Property and Equipment cover options assist with the cost of repairing or replacing damaged lab tools, instruments, and research materials, helping your work continue without major disruption.

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The Problem

Life sciences companies store confidential research, patient data, and intellectual property, all of which are valuable targets for cyberattacks or accidental data leaks.

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Our Solution

We provide Cyber and Privacy Liability cover options that help with investigation, notification, and recovery costs following a data breach, ensuring compliance with privacy and security obligations.

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The Problem

Delays in the delivery of raw materials, specialised equipment, or reagents can halt research and production, impacting timelines and profitability.

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Our Solution

Our Supply Chain and Business Contingency cover options help with financial support for delays caused by supplier disruptions, keeping your operations stable.

Why Does the Life Sciences Industry Need Insurance Cover?

The life sciences industry faces complex risks including research errors, product failures, and regulatory issues. Insurance protects your innovation, people, and reputation from costly setbacks.

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Product Testing Failures

Covers losses or claims from failed research or product trials.

  • Covers trial costs
  • Handles legal claims
  • Protects brand integrity
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Research Equipment Damage

Protects high-value lab tools from damage or breakdown.

  • Repairs essential gear
  • Covers replacements
  • Minimises downtime
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Data Breach Or Cyber Threats

Safeguards sensitive research and client information.

  • Protects confidential data
  • Covers recovery costs
  • Restores system security
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Regulatory Or Compliance Issues

Covers costs linked to breaches or investigation claims.

  • Covers legal defence
  • Handles penalties
  • Supports compliance
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Staff Accidents In Labs

Protects employees injured while handling lab materials.

  • Covers medical care
  • Supports recovery
  • Promotes safety culture
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Product Liability Claims

Covers damages caused by product defects or side effects.

  • Pays compensation
  • Covers legal costs
  • Protects business reputation
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Get Comprehensive Coverage Tailored to Your Business

Don't leave your business exposed. Our expert brokers will design a comprehensive insurance package that covers all your critical risks at competitive rates.

Expert Assessment
Competitive Rates
24/7 Support

Why Does the Life Sciences Industry Need Insurance Cover?

The life sciences industry faces complex risks including research errors, product failures, and regulatory issues. Insurance protects your innovation, people, and reputation from costly setbacks.

Why need icon

Product Testing Failures

Covers losses or claims from failed research or product trials.

Key Features:
  • Covers trial costs
  • Handles legal claims
  • Protects brand integrity
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Research Equipment Damage

Protects high-value lab tools from damage or breakdown.

Key Features:
  • Repairs essential gear
  • Covers replacements
  • Minimises downtime
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Data Breach Or Cyber Threats

Safeguards sensitive research and client information.

Key Features:
  • Protects confidential data
  • Covers recovery costs
  • Restores system security
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Regulatory Or Compliance Issues

Covers costs linked to breaches or investigation claims.

Key Features:
  • Covers legal defence
  • Handles penalties
  • Supports compliance
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Staff Accidents In Labs

Protects employees injured while handling lab materials.

Key Features:
  • Covers medical care
  • Supports recovery
  • Promotes safety culture
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Product Liability Claims

Covers damages caused by product defects or side effects.

Key Features:
  • Pays compensation
  • Covers legal costs
  • Protects business reputation

Get Comprehensive Coverage Tailored to Your Business

Don't leave your business exposed. Our expert brokers will design a comprehensive insurance package that covers all your critical risks at competitive rates.

Get Instant Quote

How we work

Our proven six-step process ensures you get the right coverage at the right price

01
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Discovery and risk mapping

We review your care model, resident acuity, incidents and claims, compliance findings, staffing mix, and maintenance regimes.

02
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Underwriting pack

We prepare accurate data and highlight risk improvements already in place.

03
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Market approach and negotiation

We approach suitable Australian insurers and specialist agencies, negotiate wording improvements and sub limits, and target total cost of risk savings.

04
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Clear comparison and recommendations

You receive a side by side comparison with premiums, deductibles, inclusions, exclusions, and recommendations.

05
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Placement and onboarding

We place cover, issue certificates, and brief your team on notification procedures.

06
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Market approach and negotiation

We approach suitable Australian insurers and specialist agencies, negotiate wording improvements and sub limits, and target total cost of risk savings.

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Background

Why More Australians Are Switching To
Angelic Insurance?

At Angelic Insurance, we prioritise clarity and honesty. Our communications avoid jargon and "fine print traps," giving clients peace of mind that they fully understand their coverage. This builds credibility, an essential differentiator in a crowded insurance market.

Our track record speaks for itself

300+
Insurance Providers
08
States and Territories
957+
Referral Partners
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Risk Mapping & Analysis

We map your operational risks to specific policy clauses, not just headings.

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Detailed risk assessment
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Policy clause mapping
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Gap analysis
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Benchmarking & Optimisation

We benchmark limits and sub-limits against contracts and catastrophe scenarios.

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Market benchmarking
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Coverage optimization
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Cost analysis
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Expert Support & Coordination

We coordinate valuations, BI worksheets, and claims-readiness plans.

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Broker coordination
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Claims support
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Documentation help
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Clear Communication

We explain what is and is not covered in clear language and document assumptions.

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Plain language explanations
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Documented assumptions
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Regular reviews
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Proof! You're in Safe Hands

Hear From Families and Businesses Who Trust Angelic Insurance

Don't just take our word for it, hear from businesses and families. See what businesses and families say about working with us who've chosen Angelic Insurance and shared their own experiences about working with us.

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