Pharmaceutical Risk Management | High Risk Financing with JLT

Product Liability

Due to major product liability actions, predominantly in the US, the life science product liability market place is one of the most challenging in the insurance industry. This is particularly the case for pharmaceutical companies, who have been the target of most of the litigation. It is important, therefore, to understand the implications of different insurance policy wordings, how they fit together, how to minimise product exclusions and maximise policy cover. It may also be important to understand what limits might need to be bought, what pricing can be achieved and what your peers are doing.

We provide services to many of the largest pharmaceutical companies along with the largest generic, medical device, agri-chemical and seed companies. As a direct result we are in the global marketplace on almost a daily basis and have an extremely detailed knowledge of what cover and pricing can be achieved. We can also provide insight on the key issues to be considered when determining self-insured retentions and policy limits as well as providing benchmarking data.

This detailed knowledge and our experience in tailoring wordings to meet client expectations means we have developed a systematic approach to reviewing, amending and improving policy wordings and are now able to offer a health check of your existing product liability policies.

Should you wish to discuss your product liability requirements with us or would like further information about a product liability health check please do not hesitate to contact us.

International Product Law Manual

JLT was delighted to contribute to the recently published 'International Product Law Manual' by Kluwer Law International.

This chapter reviews the recent history of life science insurance and explain how we have got to where we are, identifies some of the main players, reviews the procurement process, identifies some typical policy wordings, and gives examples of how coverage can be impacted if attention to detail is not paid.

JLT Events

JLT host a range of events throughout the year. To find out more click below.

	04/10/2011	JLT Specialty Limited shortlisted for National Broker of the Year 2011
	21/07/2011	JLT sees growing demand for EPIC product
	01/07/2011	Creating choice through specialist insight
	29/03/2011	Market Update - Natural Catastrophes
	18/03/2011	Market Update - Natural Catastrophes (March 2011)