Healthcare Research and Development
Fivestar Insurance Brokers Ltd. is able to provide coverage for Healthcare Research & Development (R&D) companies.
Our insurers have designed a package policy that is specifically designed for Healthcare R&D companies who do not provide third party services, sell products or conduct human clinical trials. This multi-line policy includes Errors & Omissions, General Liability and Property coverages in one convenient package. It is ideal for companies who do not wish to purchase high E&O limits due to the low exposure of R&D services, but who still require General Liability and Property coverages.
As with all of our package policies, it is fast and easy to qualify! You only need to complete one application to obtain one quote for all three coverages. As always, the pricing is competitive and the coverage is comprehensive.
Companies who provide third party services, have product sales or conduct clinical trials are not eligible under this product however, we can provide coverage separately under our Healthcare Products Liability, CGL and Property. Clients benefit as our packages are designed to fit together to give seamless broad protection, eliminating potential gaps in coverage, claims disputes and non-concurrent forms.
Package Policy Highlights for Healthcare Research & Development (R&D) companies include:
- Errors and Omissions
- Commercial General Liability
Commercial Property with Specialized Research and Development coverage including:
- Valuable Papers
- Accounts Receivables
- Extra Expense
- Radioactive and Bio-Contamination
- Refrigerant Contamination and Temperature / Humidity Change
- Research & Development Restoration Expense
- Loss to Laboratory Animals
With today’s high costs and consequences of malpractice lawsuits in a litigious society, professional liability insurance is a must for all healthcare providers. Whether the allegations are real or frivolous, the impact of a malpractice lawsuit can be financially devastating.
Any health care professional, regardless of the service they perform, can never fully escape the possibility that their work may fail to meet their clients’ expectations. All it takes can be one dissatisfied client to place a professional’s career and personal assets at risk.
We are can arrange multi-functional medical professional liability policies covering:
- Liability for the entity itself
- Healthcare Practitioner “DIC” coverage
- Additional coverage for physicians & surgeons where CMPA protection does not respond (case by case basis)
- Vicarious liability coverage
Some of the type of professionals and entities were are able include:
- Ambulance Attendants
- CPR Instructors
- Chiropractors and Chiropractor Clinics
- Dental Clinics
- Diagnostic Laboratories
- Home Care Service Providers
- Holistic Medical Providers
- Massage Therapists
- Medical Clinics
- Medical Consultants
- Medical Doctors
- Medical First Responders
- Nursing Homes
- Occupational Therapists
- Occupational Health and Safety Consultants
- Placement Agencies for Nursing Personnel
- Rehabilitation Consultants
- Respiratory Therapists
Chiropractors and Chiropractic Clinics
In response to these critical challenges, Five Star Insurance Brokers Ltd. combines more than 20 years experience in arranging specialized commercial insurance, including competitively priced solutions for chiropractic malpractice and chiropractic clinic insurance. As an extension to a chiropractic malpractice policy, coverage is also available for acupuncture and homeopathy practitioners.
You may also be interested in our chiropractic clinic commercial package that is all-inclusive and provides protection for Blanket Contents, Building, Business Interruption and Commercial General Liability.