Industries: Life Sciences Companies

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If you have a life sciences business, you recognize the tremendous potential for growth in Canada and around the world.

Over and above drug development, fields such as agro-technology, biotechnology, food sciences and nanotechnology present exciting possibilities.

Considering that any errors can result in serious consequences, it’s crucial that you implement a thorough risk management plan. With 35-plus years of insurance experience combined with our global reach, we can help you navigate and prevent any risks you face.

Insurance solutions to safeguard your business

  • Business interruption
  • Cyber risk
  • Directors & officers liability
  • Errors & omissions
  • Equipment breakdown
  • General liability
  • Kidnapping & ransom
  • Political risk
  • Property
  • Umbrella & excess

Looking for a holistic solution for all of your life sciences protection needs?

You need our Connexion Advantage with support from our International Advantage.

Third-party liability coverage 

Third-party liability insurance protects you should you get into an accident that injures another person or results in property damage to another person’s property. It covers the costs of any legal or court fees, associated medical expenses and repairs of a damaged car. Ontario requires you to carry a minimum of $200,000 in third-party liability coverage.

Direct compensation - property damage coverage

If you are in an accident but not at fault, direct compensation coverage protects an insured car and its contents by covering the costs of any property damage, such as repairing or replacing a vehicle. 

Uninsured automobile coverage

Should you be involved in an accident with an underinsured or uninsured driver who is deemed at fault for the collision, this coverage will kick in to cover any associated medical expenses due to injuries, as well as car repairs, lost wages and more. It also kicks in if you are involved in a hit-and-run.

Accident benefits coverage

Accident benefits coverage kicks in to help cover lost income and medical expenses, regardless of who is at fault, if you, a passenger or a pedestrian are injured in a collision. Medical expenses include prescription medications, physical therapy, rehabilitation and more.

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