Pharmaceutical Business Insurance

Your prescription for better coverage

One of your top priorities is finding and retaining the people you need to ensure that your business remains competitive — and profitable. Whether you succeed can depend on the typical rewards equation for employees, which measures how salary, bonuses, equity and benefits can combine to provide an attractive total compensation package.

But for those in the life sciences industry, specifically pharmaceutical industry, there’s a fifth lever you can use in recruiting and retaining top talent: it’s your company’s mission and the medical conditions your drugs are meant to treat.

That can result in employees who are drawn to your business and passionate about the work they do, but it comes with the risk that many of them are also personally invested as they — or a close family member — suffer from or are likely to develop one of those conditions, which can affect claims and ultimately your company’s health insurance premiums.

That’s why you need to work with a broker who understands your industry and can work with you to create pharmaceutical business insurance solutions that reduce risk and manage liability — not just for your employee health and retirement benefits, but across the entire spectrum of exposures you face.

Our specialists will show you how you can manage costs more effectively and maximize value in the pharmaceutical business insurance coverage you need to succeed.

In addition to insurance, we consult globally to help pharmaceutical companies with:

• Supply chain assessment
• Contractual risk transfer
• International coordination
• Industry-specific benchmarking
• Mergers and acquisitions due diligence
• Management systems
• Safety, environmental and regulatory compliance

Let’s work together to develop a tailored pharmaceutical business insurance and risk management solution for your business.

Contact a HUB broker to get started.