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Life sciences Commercial Risk, Bluestone Advisors

Life sciences

Life Sciences companies are as unique as the products they develop and the services they deliver.

That’s why BlueStone Advisors offers clients many options to customize their insurance protection and drive down the premium. Recent enhancements in coverage today includes a hybrid general liability contract and a broad all-risk property cover, an extended occurrence period and specialized reporting conditions for clinical trials. Contact a BlueStone Advisor to learn more about our Life Sciences capabilities.

Life Science Insurance Solutions are designed for:

  • Medical device manufacturers
  • Pharmaceutical and biotechnology companies
  • Drug discovery technology companies
  • Dietary supplement companies
  • Healthcare information technology companies
  • Analytical laboratories

Coverages Explained

Hybrid General Liability

This single GL policy creates a straightforward solution to common challenges by offering a dual trigger – an occurrence trigger for Premises/Operations and a claims-made trigger for Products/Completed Operations.

Scientific Animals

New definition of scientific animals expands beyond animals used for research and development to include breeding animals, production animals and animals whose by-products are used in the manufacturing process. Valuation includes the R&D investment in the animals. Any Other Location and Newly Acquired Property coverage also extend to Scientific Animals.

Change in Controlled Environment

This is a separate contract, not addressed in typical industry property policies, for loss or damage to Perishable Property resulting from changes in the controlled environment. It is not location specific; limits are provided at premises, Any Other Location, In Transit and for Newly Acquired Property.

Extended Occurrence Period

This new option extends the occurrence period for one year, in contrast to typical options that extend only the reporting period. This fills a potential gap for products that may still be in the hands of consumers after a recall or ban and then result in delayed occurrence.


This separate property contract provides first-party property and business income insurance for a variety of contamination exposures, not added in the typical industry property policies. It is not location specific; limits are provided at premises, Any Other Location, In Transit and for Newly Acquired Property.

Breadth of Errors & Omissions

Broad coverage enhancements for E&O, including: Bodily Injury, Damage To Property, Governmental Claims or Proceedings and Health Care Professional Services.

Research & Development Income

R&D Income can be included in the core Business Income/Extra Expense contract that provides insurance recovery for net profit and continuing expenses. Grants, endowments or financial contributions to further R&D operations may also be indemnified.

Product Withdrawal & Crisis Management Expense

Insureds with a formal product recall program automatically receive Class 1 Product Withdrawal Expense & Crisis Management Expense with no deductible and a $25,000 limit at no additional charge.

Operational Restoration

This cover extends business income protection beyond physical restoration of property. This continued protection is essential for facilities that must be validated by government authorities before operations may resume. These procedures may take months after the physical restoration.

Loss Scenarios

Loss scenario #1

A manufacturer of MRI equipment issued a notice concerning the failure of one model. A hospital owned two of the failed models and endured the lengthy repairs. While unable to use the MRI machines, the hospital had to decrease its patient load and refer patients to other hospitals. The hospital claimed reduced revenue for the patients turned away.

Loss scenario #2

A pharmaceutical company used a subcontractor to manufacture its capsules. A custom soft-gel encapsulation machine suffered a mechanical breakdown and required extensive repairs. The repairs and FDA revalidation took six months. The existing inventory lasted only two months.

Loss scenario #3

A fire in a research facility was quickly extinguished by the building’s automatic sprinkler system, but smoke from the fire killed a colony of fourth generation scientific animals.

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