Clinical Trials
As a global leader in casualty insurance, ACE understands the business of protection. More and more life sciences companies are conducting clinical trials in South Africa and around the world. ACE understands the complexity of this environment and specializes in underwriting this coverage, examining consent forms and clinical trials agreements to better understand the risk of each client.
We have access to an experienced team of underwriters which includes an industry expert who has many years of experience conducting and managing multinational clinical trials for both pharmaceutical companies and clinical research organisations. Our underwriting team know that clinical trials can frequently change and require protocol amendments, change in subject numbers and extensions due to poor recruitment. ACE Life Science has a flexible approach to incorporating these into the insurance cover.
Insurance solutions for
- Single clinical trials
- Multinational single clinical trials
- Multinational multiple clinical trial programmes
Typical companies
- Pharmaceutical manufacturers
- Biotechnology organisations
- Medical device and equipment manufacturers
- Generics companies
- Research organisations
- Universities & colleges
Product highlights
- Liability for injury to a research subject
- No fault compensation and claims made policies where permitted
- Standard extended reporting periods included in quote, additional periods can be added if required.
- Cover for whole trial duration, where permitted
- SA policy wording that incorporates the MCC guidelines
Product options
- Primary and excess layers
- Locally admitted policies, FOS and master policies
- Fronting for large captive clinical trial programmes
We will not consider
- Tests carried out on animals
- Cloning