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Life Science Insurance

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Spotlight on: Insurance for Life Science Businesses

You’re responsible for the well-being of our communities. We’re responsible for taking care of the risks you encounter.

Public health relies on companies that research and manufacture medical devices, diagnostics, therapeutics and pharmaceuticals.

Your company, and others like yours that serve the life sciences industry, is responsible for the well-being of the people, animals, plants and environments for which they provide, and that comes with hefty legal and regulatory challenges.

Just one infraction can prevent your products from ever getting to market.

Whatever your life science insurance needs may be, Higginbotham has you covered.

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You deserve an innovative insurance partner who understands your industry.

Higginbotham’s life sciences insurance specialists know the business of research, product development, clinical trials and commercialization as well as the FDA and other governmental agencies that regulate these processes.

We’ve served life sciences companies in every stage of development—from startups to global operations, including:

  • Biotechnology Research and Development
  • Medical Device Manufacturers and Distributors
  • Contract Research Organizations
  • Contract Sales and Marketing Organizations
  • Contract Manufacturing Organizations
  • Clinical Trial Companies and Facilitators
  • Pharmaceutical Manufacturers and Distributors

This deep experience means we have the know-how to design a custom risk management and insurance solution for your life science company’s unique risks.

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The Higginbotham Difference: Coverage That Considers Your Needs

Employee-owned and customer powered, we make caring for you our business.

We begin with listening and end with customized solutions. They embody the hefty legal and regulatory challenges you face. And they demonstrate our understanding of your research, product development, clinical trials and commercialization processes and their regulations.

We’re more individual and less institutional. By making policies personal, we help you accomplish more. That’s why life sciences companies in every stage of development have trusted us to deliver insurance products that protect them against the specific risks they encounter.

By committing to transparency while demonstrating authenticity, we’re a place that leads with values so value leads.

To learn more about how our values-based approach creates value for you and your business, click here.

Our Life Science Insurance Carriers

Higginbotham’s specialty life science industry expertise is recognized by the major life sciences insurance carriers.

Berkley Life Sciences








Lloyd’s of London

LS Risk




One Beacon



Essential Life Sciences Coverage

From clinical research labs to medical technology companies, biotechnology companies, contract manufacturers and other life sciences businesses, our tailored insurance solutions are designed with your specific needs in mind.

While your insurance needs will vary based on your location, unique risk exposure and the specifics of your operation, these are some popular life science business coverages.  


General Liability (GL) for Emerging Tech Companies in Leased Space or

If you’re a startup operating out of a leased space, you’re probably required to carry general liability coverage. Considering the many ways a life science technology firm can end up liable for bodily injury, property damage and advertising injury, this coverage is important to consider, even if your landlord doesn’t require it. 

Directors and Officers (D&O) Liability for Private Companies

Directors and officers liability coverage can help protect the directors and officers of your organization from the costs of being sued. D&O can help with legal costs like attorney fees, settlement payments and judgments, safeguarding you from potential financial ruin in the aftermath of a mistake or negligence. 


Directors and Officers (D&O) Liability for Public Companies

If your company is publicly traded, regulations and public scrutiny can create additional layers of risk. Higginbotham offers several alternative risk financing solutions tailored to public life sciences companies. In some cases, these proprietary alternative solutions can save you money and reduce your risk in comparison to the more traditional coverage options available in the marketplace.

Pre-Revenue Company Coverage

While most startups have little tangible value in their pre-MPV (minimum viable product) stage, it’s still wise to consider carrying enough coverage to cover your liabilities. This coverage is especially important for consideration if you have a life science company renting space from a commercial landlord.  

Insurance for Clinical Trials (Phase I, II and III Products)

Regardless of your product’s current stage of development, your life science company should consider carrying clinical trial insurance. This specialized coverage can extend protection to the sponsors/organizers of clinical trials for medical devices or drugs, helping with the potential cost of an injury or death.

Foreign Clinical Trials

If you conduct clinical trials overseas, you should carry foreign clinical trial coverage. Whether you need a locally tailored policy to comply with regulations in the country, are conducting a trial or simply looking to extend your domestic coverage, we can help guide you through the process. 

Medicine and Medical Device Product Liability

Like clinical trial insurance, products liability coverage is designed to protect against the liabilities involved with administering medicines and medical devices to the public. If use of your life science product results in injury or death of a consumer, your product liability insurance can help you with the cost of a lawsuit or settlement.

Research Animals

During the research and development phase, establishing proof of concept in animal models plays a key role in the FDA regulatory approval process. Should an unforeseen event damage or destroy your research, the resulting impact on development can be devastating.

Insurance coverage for research animals should not only replaces the cost to purchase new genetically modified animals, but also account for the costs to recreate the animal model (labor and materials).

Cleanroom Contamination

As a life science professional, cleanroom integrity is critical to successful product testing and development. Even the slightest level of contamination can confound study results or ruin samples, costing a life science business considerably. 

Cleanroom contamination insurance is designed to help with these costs, enabling your business to get back on track in the aftermath of a cleanroom contamination.  

Precision Instruments

Because precision instruments tend to be both sensitive to damage and costly to replace, life science businesses should carry insurance designed to help with the costs of repairing or replacing them should they experience loss or damage. 

Grant Insurance

The unexpected loss of a grant, endowment or other funding source can be devastating to a life science operation. This coverage can supplement your operating capital if your life science organization unexpectedly loses funding.

Biocontamination Insurance

Like cleanroom contamination, biocontamination can cost a life science business considerably. Biocontamination insurance can help with recovery costs in the aftermath of a biocontamination of your products or testing samples. 


Spoilage insurance protects against financial loss caused by medicine, vaccine and other product spoilage. From a power outage taking out your refrigeration to inventory outlasting its shelf life, medicine and vaccine spoilage coverage can help pay to replace your spoiled products. 

Loss of Medical and Biotechnology Records

Like the important record and document protection carried by many other businesses, loss of medical and biotechnology record coverage can help you with the cost of losing important records. From a fire at your lab to data theft and more, your loss of medical and biotechnology records insurance can help you get back on track. 

Intellectual Property Insurance

Intellectual capital infringement is an unavoidable risk in the life science and technology industries. Intellectual property insurance can help with the costs of litigation should your life science business end up entangled in a lawsuit alleging intellectual capital infringement.

Inadvertent Disclosure of Private and Confidential Information

Considering the ever-present threat of your sensitive data getting compromised, it’s wise to carry insurance developed for the risks associated with working with private and confidential information. This coverage can help with the costs of investigating a data breach and assist with data recovery, settlement payments, legal defense and other related expenses.

If your life science operation does any clinical testing or handles the sensitive information of others in any capacity, you should consider adding this coverage to your policy.

Stock Throughput

Also commonly known as “inland marine insurance” (a more accurate name for the product is “stock throughput)”, inland and ocean transit coverage protects property in transit. Unlike marine insurance, which covers property in transport over water, inland marine can cover products, materials and equipment against loss, damage and theft during transportation over land.

International Liability

If your life science organization conducts business abroad, you should consider international liability insurance. This coverage can help your business with legal fees and other costs should one of your products, services, activities or employees injure or damage a third party. In most cases, this coverage can also include kidnap and ransom, workers’ compensation and commercial auto coverage.

Latent Injury Liability

Latent injuries are defined as “injuries which appear several years or more after initial exposure to a toxic or harmful substance.” If your life science business conducts medical trials or produces products for public use, you can be held legally responsible for an injury or death suffered by a consumer who uses them.

If you face a latent injury lawsuit, latent injury liability insurance can help pay for legal costs, settlements and judgments.

Incidental Medical Malpractice

This coverage acts as an extension of a life science organization’s commercial general liability insurance. If you hire contract workers or other third-party medical professionals to work for your business, you can be held legally responsible for their actions. Incidental medical malpractice insurance can help cover legal fees, court costs and settlements if you’re accused of malpractice.

Insurance for Product Recall

Product recall insurance can assist with the cost of recalling a defective or dangerous product from the market. If you need to recall a medication or medical device your organization produced, this coverage can help pay your customer notification, shipping and disposal costs.

Supply Chain Disruption

Life science companies often rely on complex supply chain networks to deliver products to customers; therefore, it is crucial to consider the impact a supply chain disruption could have on your operation. From first-party risks like loss of revenue to third- party risks like the threat of a lawsuit, it’s important to take a holistic approach to risk management.

Life Science Risk Management Solutions

Lawsuits alleging injury from defective or dangerous medical appliances, organ transplants, prosthetic devices, surgical implants, hospital supplies, diagnostic equipment, surgical equipment and hearing and visual aids make loss control a paramount concern for life science companies.

Our risk managers are familiar with the nuances of product liability, statutes of limitation and Food and Drug Administration (FDA) requirements, and we implement safety and loss prevention programs that help avoid lawsuits and noncompliance penalties.

Meet Our Life Sciences Insurance Practice Leaders

Matt Heinzelmann joined Higginbotham in January 2000 as a commercial property and casualty insurance broker and risk consultant. He quickly became a Managing Director, concentrating in a variety of industries, including retail and industrial properties, life sciences and biotechnology, manufacturing, restaurants, social services, schools and food manufacturing. Matt also co-founded Higginbotham’s specialty Life Sciences practice, which provides industry-specific coverage to pharmaceutical and medical device companies.

Matt served five years on the Independent Insurance Agents of Tarrant County (IIATC) and served as president from 2018-2019. In 2010, he was the recipient of Higginbotham’s C. Douglas Dickson Award for most significant revenue growth and has been Higginbotham’s Legacy Award winner for ten consecutive years of high growth. Matt also participates in the firm’s mentor program, helping to guide new producers who are beginning their insurance careers.

Matt earned a Bachelor’s degree in business administration/finance from Texas Christian University. He is a licensed General Lines Property and Casualty Agent in Texas with designations as a Certified Insurance Counselor (CIC).

As a Texas native and long-time Fort Worth resident, Matt has served as a board member for the Multiple Sclerosis Society as a board member, along with being involved with First United Methodist Church, The Warm Place, Fort Worth Youth Soccer, Fort Worth Ballet, Christ Chapel Bible Church and Harris Hospital Health Exchange.

Matt and his wife, Joni, have two children and several grandchildren.

Managing Director
Matt Heinzelmann
Managing Director, LinkedIn

Meet Our Life Sciences Insurance Practice Leaders

Ed Coker is a Managing Director in Higginbotham’s Fort Worth office. He began his insurance career in 1982 when he joined the American General Fire and Casualty Company in Houston, Texas. In 1995, he continued his professional career at The Hartford and Highlands Insurance Group.

He currently sits on the Risk Management and Insurance (RMI) advisory board at his alma mater, the University of North Texas, where he was also selected as the Outstanding Alumnus in RMI in 2008.

Ed is a co-founder of Higginbotham’s Life Sciences specialty practice. He also handles various other commercial accounts, ranging from private passage rail lines to multi-national paper products facilities. He is a licensed Risk Manager and a Certified Insurance Counselor.

Ed is married to his wife, Jonei, and the couple has six children and two grandchildren.

Managing Director
Ed Coker
Managing Director, LinkedIn
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Work with a trusted life sciences insurance specialist who knows your industry.

A great plan starts with a conversation. Let’s talk about what you need.

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