Multinational Life Science Insurance

LS Prime^® (Non-Admitted) and LS Prime^® Advantage (Admitted), our innovative general liability insurance products, are designed to protect companies doing business around the globe. These comprehensive and specialized solutions provide worldwide protection. Learn more about our products liability coverage.

We offer a global solution to protect you when you take your business beyond the borders of the United States. You may have owned or occupied office locations, property in transit, or property at a vendor location. Berkley Life Science can develop an insurance program that may include: 

• Locally placed property and public liability policies to meet compulsory or contractual obligations. 

• Dependent Property Business Income coverage, for when your business is reliant on the uninterrupted operations of another. 

• Protection for your property while at another entity’s location. 

Our Property and Public Liability coverages can be tailored for your needs and may include: 

• Contingent Employers Liability Coverage 

• Employees Liability coverage in the UK and Ireland 

• Tenants and Neighbors Liability 

• Coinsurance Deficiency 

• Currency Devaluation 

• Tax Liability 

• Political Risk Coverage 

The Master Policy issued through Berkley Life Sciences can provide primary protection for foreign exposures, or in the case when local policies are placed, sit above them to provide Difference in Conditions and Difference in Limits protection. The Master Policy may also be customized to provide protection when traveling internationally.

Conducting clinical trials is a critical precursor to marketing a product — whether it involves obtaining approval for the sale of a new product or selling an existing product in a new territory. 

Before conducting clinical trials, a life science company must first obtain the approval of local ethics committees. This approval process includes a review of insurance documentation to ensure the involved parties are protected financially. In fact, many jurisdictions require specific insurance provisions by law or have local language requirements. Sometimes ethics committees go beyond those requirements. Berkley Life Sciences is able to quote and issue local admitted policies in more than 40 countries around the world, on a standalone basis or as part of a Controlled Master Program. 

Coupling a deep expertise in the life science industry with an extensive global reach provided by Lloyd's, network partners and Berkley operations, we are able to meet the service demands of executing foreign clinical trial insurance. 

Global Personal Protection combines Foreign Voluntary Workers Compensation with Medical and Travel Assistance Services for employees working or traveling outside their home country. Coverage includes 24-hour employee assistance services, emergency medical evacuation, and repatriation expenses. The coverage limits are $1,000,000 per accident, per each employee policy limit.

Additional available coverages include: 

• International Contingent Auto provides worldwide auto liability coverage (excluding U.S. and Puerto Rico) as well as physical damage coverage for hired or non-owned autos. The auto liability limit is $1,000,000. 

• Kidnap/Ransom Expense indemnifies the insured for ransom and additional expenses related to a covered event while a covered person travels outside their permanent residence country. Covered persons include the employee's spouse and dependent children. The expense limits are $50,000. 

• Accidental Death and Dismemberment (AD&D) offers 24-hour protection for employees traveling abroad on business for a covered event. Covered persons include the employee's spouse and dependent children. The coverage territory is worldwide (excluding the United States, Puerto Rico, and Canada). The coverage limit is $50,000.