Insurance for Commercialised Life Sciences & Technology Businesses

As Your Business Grows, So Do Your Risks

As you move beyond R&D into commercialisation, your risk profile becomes more complex. We design and manage bespoke insurance programmes that evolve with your business, supporting you through growth, funding and international expansion.

Key Areas

Approach

FAQs

Do I need insurance?

If you’re a company with any employees, more than one director, or you work from an office/lab, you need insurance.

What are the relevant insurances when starting out?

If the company has any employees or multiple directors, Employers Liability insurance is required by law, it is also likely that Public Liability insurance will be contractually required by your lab/workspace provider.

Do investors require the companies they’re investing in to have insurance?

Investors will often request companies have certain insurances in place, such as, Employers Liability, Public Liability, Management Liability (Directors & Officers) and Intellectual Property.

At what point is insurance required?

If the company consists of more than one director, insurance would be required as soon as the company is registered with companies house.

What insurances are generally contractual requirements?

Your Lab/workspace provider will generally require you to hold Public Liability insurance, customers will also generally require Public Liability, Products Liability, Professional Indemnity and often Cyber Liability.

Can you insure Intellectual Property?

Yes, you can insure both the cost of defending yourself against allegations of IP infringement and the costs of pursuing third parties who have infringed upon your IP.

Can Hayes Parsons arrange insurance for overseas subsidiaries?

Yes, there different ways to do this, with the most efficient way depending on your individual circumstances, please get in touch with us if it’s something you’d like to discuss.

Speak to a Specialist

Behind every innovative business is a team pushing boundaries and behind them, a team that understands the risks. Our specialists combine deep insurance expertise with real understanding of the Life Sciences and Technology sectors and work closely with clients at every stage.

Whether you’re reviewing your current broker, launching a new venture, or accelerating innovation, we’re ready to help you navigate risk and unlock what’s next.