Pharmaceutical & Health Sciences

We help our clients protect its assets, manage risks effectively, and focus on its core mission of developing and delivering life-saving medications and healthcare solutions.

Great Insurance Solutions for your Pharmaceutical & Health Sciences Business

We have seen dynamic growth in the Indian Pharmaceutical industry, with both domestic and foreign players making their presence felt in the market. The attraction of India, for global pharmaceutical & Health Sciences companies is not only as a market for their products, but more importantly as a cost-effective base for research, development and contract manufacturing.

We are privileged to provide our services to some of the top Pharmaceutical & Health Sciences companies.

To effectively manage risks, we help our customers implement comprehensive risk management systems to identify and mitigate potential risks in pharmaceutical plant operations.
We help our clients protect its assets, manage risks effectively, and focus on its core mission of developing and delivering life-saving medications and healthcare solutions.

Our coverages are designed to cover below risks of Pharmaceutical & Health Sciences companies:

Contamination and Product Quality

Occupational Health and Safety

Equipment Failure and Process Interruption

Supply Chain Issues

Cross-Contamination

Business Interruption

Liability Issues

Cyber Risk

Clinical Trail Liability

We are brokers to global leaders in the Pharmaceutical & Health Sciences Industry:

• With worldwide, multi – location set ups.
• Sum Insureds exceeding INR 5000 Crore.
• We have successfully established, Global Insurance program with Local Insurance Certificates.

• Created world class programs for Product Liability, Product Recall, Environment – First Party, Third Party Coverage.

Insurance policies commonly applicable to Pharmaceutical & Health Sciences companies are as follows:

1

Marine Cargo
Insurance

2

Property
Insurance

3

Business Interruption Insurance

4

Directors and Officers Liability Insurance

5

Workers' Compensation Insurance

6

Cyber Liability
Insurance

7

Trade Credit
Insurance

8

Environmental Liability Insurance

5

Public Liability
Insurance

6

Product Liability Insurance

7

Commercial Crime Insurance

8

Machinery Breakdown Insurance

6

Clinical Trials
Insurance

7

Electronic Equipment Insurance

Why Choose First Policy for your Pharmaceutical & Health Sciences Business ?

Specialized Knowledge

With extensive industry knowledge, we understand pharma companies' specific insurance needs, including regulations, quality control, product liability, clinical trials, and supply chain management.

Tailored Insurance Solutions

Our expertise in the pharmaceutical industry allows us to customize insurance solutions that align with the company's risk profile and provide comprehensive coverage.

Claims
Management

We advocate for our clients during the claims process, ensuring a fair and prompt settlement. Our expertise minimizes the impact of claims on operations and financial stability.

Risk Assessment & Mitigation

We conduct thorough risk assessments, providing tailored recommendations to shield your company from risks like recalls, liability claims, non-compliance, and business interruption. Trust our expertise for peace of mind.

Access to Insurance Markets and Reinsurance Broker

We access competitive insurance markets, securing multiple quotes with favorable terms, so our clients get the best coverage at the best price.

Ongoing Support and Risk Management

We offer ongoing support, regularly reviewing insurance programs and conducting risk assessments for our clients. With updated industry knowledge, we provide proactive risk management advice to mitigate emerging risks.

Our Other Services

Claims

Reinsurance

Marine Insurance

Risk Management

Property Insurance

Liability & Credit Insurance

Employee
Benefits

Engineering & Misc. Insurance

Insights