Life Sciences and Biotech Insurance Risks Are Real

Innovative life sciences enterprises are subject to a variety of hazards, including product recalls, failed clinical trials, and legal action. We can assist you with specialized risk management and life science insurance solutions that reduce loss potential, safeguard your financial health, and enable you to keep working at the forefront of science and technology.

The hazards associated with running a life sciences company are numerous and complex, regardless of whether you are at the early stages of discovery or getting ready to launch a product.
Knowing what hazards your biotechnology company is exposed to is the first step in mitigating those risks since knowledge is power. A typical biotechnology company encounters the following difficulties and dangers.

• Raising money
• Intellectual property
• Strategic partnerships
• Product liability
• Cyber risk
• Supply chain
• Obtaining talent
• Displaying worth to your market
• Pharmaceutics and clinical trials
• Regulation observance
• Keeping an eye on drug safety
• Utilizing developing markets

 
Biotechnology and life science are fascinating fields that are constantly evolving. Because of the risks involved, it is essential that a broker has in-depth knowledge of the relevant fields and the capacity to help businesses navigate the dangers that emerge at each level. Our organization offers risk management and consulting services to life science enterprises, which are essential for their present and future success.

Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is an independent insurance agency representing many insurance companies.  This means that we quote with many different insurance companies to obtain the best rate and coverage for your insurance.  We do this at no additional fee or service charge to you.  Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 30 years.  We take great pride in finding you the best coverage and backing it up with prompt personal service.  ​