Industries: Pharma Companies

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With financial pressures and significant competition from other sectors, pharma companies like yours have adopted new business models to improve the bottom line.

For example, outsourcing manufacturing, or contract manufacturing, can reduce your production costs so you can concentrate on product design and marketing.

Along with product and professional liabilities associated with developing consumer drugs, contract marketing adds another layer of risk. When you outsource production, you’re exposed to a multitude of threats. Our team of pharmaceutical business and industry specialists understand your industry. We can help you set up risk strategies that result in fewer claims, less cases taken to court and more profitability.

Insurance solutions that help you build strong risk management systems

  • Business interruption
  • Cyber risk
  • Directors & officers liability
  • Errors & omissions
  • General liability
  • Kidnapping & ransom
  • Political risk
  • Product recall
  • Property

Looking for a holistic solution for all of your pharma protection needs?

You need our Connexion Advantage with support from International Advantage and ManuTech 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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