United States Clinical Trials Coverage

Automatic Coverage for Clinical Trials.  Clinical trial coverage is automatically included under our policy.  We do not require notification, and we do not have to grant permission for a policyholder to have coverage for clinical trials starting during the policy period.

Medical Expenses.  Should test subjects require medical treatment due to their participation in your clinical trials, we will cover first aid, ambulance, medical, nursing and hospital services regardless of fault.

One-Time, Flat Charge.  Our rating methodology precludes additional charges at audit for clinical trials.  This means that any clinical trial conducted during the policy period is automatically covered, and there will be no additional charges for an increase in the number of test subjects or additional trials that start during the policy period.  For clinical trial-stage companies, when start-dates are delayed or enrollments do not materialize as expected, we have the flexibility to extend policy periods beyond twelve months without additional premium charges. 

“Compassionate Use” Coverage.  We provide coverage when the doctrine of “compassionate use” prompts a clinician to use an unapproved product on a patient who is not enrolled in a clinical study.

Review Boards & Ethics Committees.  Your institutional review boards and medical ethic committees have liability protection related to clinical trials you conduct.  There are no additional charges for this coverage extension.

Clinical Research Organizations.  Coverage for any person or organization conducting clinical trials on your behalf is available for no additional charge.

Non-U.S. Clinical Trials Coverage.  In jurisdictions where governments mandate that clinical trial insurance be provided by locally authorized insurance companies, we can assist in obtaining the necessary insurance protection through our strategic partner, Biomedic-Insure.

This web page outlines in general terms the coverages that may be afforded under a Medmarc policy.  All policies must be examined carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage.  In the event of a conflict between the terms and conditions of the policy and the information presented on this web page, the terms and conditions of the policy prevail.  All Medmarc coverages described in this web page may be offered by one or more of the property and casualty insurance company subsidiaries of the Medmarc Insurance Group.