Research and Development (R&D) Insurance

You develop the concepts — we’ll deliver the coverage

Whether it starts in the sophisticated lab of a large, multinational company or your startup’s small workspace in an industrial strip mall, refining an existing product or developing a new one is a complex and challenging process.

You may have intellectual property and cybersecurity concerns from the outset, in addition to numerous other risks you’re exposed to while running a business and as you take your product through prototyping, field or clinical trials, acceptance testing and so on.

We’ll work with you to create solutions that reduce risk and manage liability across your business — from supply chain to final delivery — and help you get your products to market more efficiently.

At the same time, you’re competing to attract and retain the talent you need to bring your product to market successfully.

The right mix of benefits as part of your total compensation strategy can go a long way in ensuring that your full-time employees are rewarded and will remain dedicated, as well as making a better case for your business when the time comes to recruit workers for your production or distribution lines.

That’s where your R&D insurance can help. Our R&D insurance specialists will show you how you can manage costs more effectively and maximize value in the benefits you provide to employees and the insurance coverage you need to operate.

Let’s work together to develop a tailored R&D insurance plan that helps your business stand at the forefront of innovation and remain competitive in the life sciences field.

Contact a HUB broker to get started.