Clinical Trial Insurance

clinical trial insurance

Clinical Trial Insurance Made for Your Business

Your work has an important role in advancing medical research, but it also comes with unique risks. With insurance for clinical trials, you can protect your business and focus on innovation.
 
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clinical trial insurance

Why Do You Need Clinical Trial Insurance?

Insurance in clinical trials provides essential protection from a wide variety of risks. From damaged research equipment to lost records, we know about the challenges you face. That's why we've created business insurance coverage solutions tailored to your research facility's needs. Without it, you'd have to pay out of pocket for costly claims that could financially hurt your research firm.
clinical trials insurance

Who May Need Clinical Trials Insurance?

If your business is involved in the research and development of medical products or treatments, you need clinical trials insurance. This can Include:
 
  • Pharmaceutical companies
  • Biotech firms
  • Contract research organizations (CROs)
  • Medical device manufacturers
  • University research departments
  • Clinical research investigators
  • Hospitals and clinics conducting trials
  • Independent research consultants
  • Clinical trial sponsors
     
To protect your research firm, a BOP is a good place to start. It combines these three essential types of coverage to help safeguard your business against claims of bodily injury or property damage. 
 
  • General liability insurance to help protect you from claims that your research firm caused bodily injury or property damage to someone else.
  • Commercial property insurance to help protect your owned or rented building, as well as test tubes, freezers, centrifuges and other equipment that you use to operate.
  • Business income insurance to help replace your lost income if you can't operate because of property damage caused by fire, theft or wind.
It’s important to remember that a BOP won’t cover every type of risk your clinical trial lab faces. You’ll likely need to get more coverage to increase your protection. For example, if you have employees, you’ll need workers’ compensation insurance to help protect them from work-related injuries or illnesses.
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With The Hartford, you can focus on running important clinical trials knowing you have the right insurance protection.
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clinical trial insurance requirements

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We make it easy to get your proof of insurance online. Get your certificate whenever you need it.

How Much Does Clinical Trial Insurance Cost?

The cost of clinical trial insurance varies because every business has unique needs. Here are the average costs our customers pay for a few common types of insurance:**
 
  • BOP: $1,687 a year, or about $141 a month
  • Standalone general liability insurance: $810 a year, or about $68 a month
  • Workers’ compensation insurance: $1,032 a year, or about $86 a month
It's important to remember that the cost of clinical trials insurance varies since each insurance policy is unique. Our specialists can work with you to understand the risks you face and help you get the right coverage. We make it easy for you to get the insurance you need with a policy customized to your business. Get a quote today.

Covering Your Operations

Whether it’s protection from data loss or a mistake made during clinical trials, the right insurance coverage offers you peace of mind to keep your research on track. 
Failure to comply with life science regulations can lead to costly fines or business suspension.2
Valuable Papers and Records Coverage for clinical trials

Valuable Papers and Records Coverage

“Our lab sustained water damage from a frozen pipe that burst. It damaged critical trial documents.”
 
Valuable papers and records coverage helps restore important documents or trial data if it goes missing or gets damaged from a covered loss, like a fire.
general liability insurance for clinical trials

General Liability Insurance

“A trial participant tripped over an extension cord. She came down hard on her wrist and needed medical treatment.” 
 
General liability insurance helps cover claims that your business hurt somebody else. It can help cover their medical expenses or your legal costs if you get sued.

Taking Care of Your Team

Working with chemicals, machinery and tools means your employees face risks daily. The right insurance for clinical trial businesses can help protect your team.
There were 3.7 injuries or illnesses for every 100 full-time employees in the medical and diagnostic labs industry – 23% higher than the incident rate of all industries.3
workers compensation for clinical trials

Workers’ Compensation Insurance

“One of our lab techs tripped while handling a sample and got a chemical burn.”
 
Workers’ compensation insurance gives your team benefits to help them recover from a work-related injury or illness. With The Hartford, your employees also have access to a network of over 1 million providers and 65,000 pharmacies. 
commercial auto insurance for clinical trials

Commercial Auto Insurance

“My research assistant was driving our lab van to pick up supplies. He got t-boned at an intersection and had to go to the hospital for treatment."
 
Commercial auto insurance helps protect your employees on the road if they're driving a company-owned vehicle for business.

Protecting Your Property

Your facility relies on your materials, inventory, supplies, devices and machinery to do research. Clinical trial insurance can help protect your business' property.
There were 655 medical data breaches affecting 116 million patient records in 2023.4
spoilage coverage for clinical trials

Spoilage

"The samples we used for a trial had to be kept at a controlled temperature and humidity. Our fridge broke, ruining the samples."
 
Our spoilage coverage can help protect your research facility if a mechanical breakdown or power outage contaminates or destroys perishable goods.
commercial property insurance for clinical trails

Commercial Property Insurance

"When one of my researchers turned on a Bunsen burner, the flame interacted with a chemical and caused a fire. By the time it was controlled, some of our paperwork and computers were destroyed."
 
Commercial property insurance can help protect the equipment and inventory you use to operate your facility.  

Frequently Asked Questions About Clinical Trial Insurance

Clinical trial insurance is made up of different coverages designed to help protect your business from different risks you face every day. Whether it's an injury involving trial participants or damage to critical laboratory equipment, insurance coverage is important to have. If someone falls and hurts themselves in your lab, general liability insurance can help pay for their medical bills. Or, if one of your scientists burns themselves during a trial, workers’ compensation insurance coverage can help them recover. Having the right insurance coverage is important to running a successful business. 
In the clinical trial industry, even small incidents can lead to significant legal liabilities and regulatory setbacks. Insurance is important because it helps cover costs associated with various claims. Without it, your business would have to pay out of pocket for these costly claims. The life sciences industry also has strict regulatory requirements, contracts and international guidelines. With those factors in mind, it's essential your business complies with any clinical trial insurance requirements.
You can get clinical trial insurance by getting a quote for coverage with The Hartford. Our streamlined process lets you customize an insurance policy and get a quote in just a few clicks. 
insurance for clinical trials

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Get the protection you need to support your research efforts.
 
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Last Updated: April 8, 2025
** Costs, premiums, and coverages mentioned are estimates and are not guaranteed. Actual cost, premium, and coverage are determined at the time of quote or issue and are specific to an individual risk. Premiums are based on information provided to The Hartford, including, but not limited to, underwriting and rating criteria. All examples included on this website or in an advertisement are intended for informational purposes only and are not an offer or a guarantee of premium or coverage. Coverage and products described are subject to the terms and conditions found in the policy contract. Any educational information provided about available coverages does not modify the policy language or imply that any claim is covered. Products are not available in all states or for all businesses.
2 Office of the Law Revision Counsel United States Code, "Chapter 9-Federal Food, Drug and Cosmetic Act: Subchapter III-Prohibited Acts and Penalties"
 
3 U.S. Bureau of Labor Statistics, "Incidence Rates of Nonfatal Occupational Injuries and Illnesses by Industry and Case Types, 2022"
 
4 Fortified Health Security, “2024 Mid-Year Horizon Report”
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