Travelers Synergy℠ Liability Insurance for Life Sciences
Strengthen risk management for life sciences companies

The evolution of medical devices, pharmaceuticals and digital health technology not only enriches lives but also introduces new risks within the life sciences industry. Travelers recognizes these unique challenges and has designed specialized coverages and services to help address them effectively.
Travelers Synergy offers buildable coverage options tailored to life sciences businesses, ensuring protection throughout the product life cycle. This includes key liability coverages for product and completed operations, as well as life sciences errors and omissions (E&O) insurance.
With Travelers Synergy, life sciences businesses can gain peace of mind, allowing them to concentrate on their core mission of advancing innovative medicines and technologies without being unduly concerned about potential liabilities without proper insurance coverage.
Life sciences insurance coverage options
Ensure that your life sciences company is protected with worldwide and enterprise-wide insurance coverage designed to address a range of potential liabilities.
Products and completed operations liability
At the core of Travelers Synergy is our products/completed operations liability coverage for damages due to bodily injury or property damage from your products or services included in the products/completed operations hazard. This coverage offers protection against claims arising from scenarios such as:
- Product defects: Safeguard your business from financial losses resulting from alleged defects or malfunctions in your products that cause injury or damage, including claims for failure to warn of potential risks.
- Adverse reactions: Address claims related to harmful side effects or adverse reactions experienced by users of your products.
- Completed operations: Cover liabilities that may arise from completed projects, including potential issues that surface after the product has been delivered or the service has been completed.
Life sciences E&O liability (optional)
Life sciences E&O coverage helps to defend your company against claims for financial loss caused by alleged errors, omissions or negligent acts related to your products or services. Claims or suits for such financial loss are typically not covered under a commercial general liability policy.
This coverage offers protection against claims or suits arising from scenarios such as:
- Professional mistakes: Safeguard your company from financial losses resulting from alleged errors, omissions or negligent acts in your professional services or advice.
- Research and development: Address claims related to inaccuracies or failures in research, clinical trials or product development processes.
- Consulting and advisory: Protect against claims of inadequate or incorrect advice provided to clients or partners, which could lead to financial harm or regulatory issues.
Coverage enhancements
Extra security is available by building on our core coverage offering with customizable first-party add-ons.
Product recall expense coverage
Reimburses the named insured for certain product recall expenses directly attributable to a Class I recall of medical or biotechnology products from the coverage territory. The recall must be initiated by the named insured during the policy period and the products must have been physically relinquished to others.
Clinical trial medical expenses coverage
Provides payment for medical expenses for bodily injury included in the products/completed operations hazard regardless of fault. The bodily injury must arise out of the injured person’s participation as a human subject in a clinical trial.
Specialized claim management solutions
Our specialized claim management solutions are designed to protect your life sciences company during challenging times, ensuring that your research and development efforts, financial stability and corporate reputation remain intact. Here’s how we support you:
- Life sciences business torts claim group: Our expert team is well-versed in the intricacies of products liability and complex business disputes. We handle issues such as breach of contract, copyright infringement, class action lawsuits, errors and omissions, and more, providing comprehensive support tailored to the life sciences sector.
- Claims-made coverage for long-term protection: Our claims-made coverage offers extended protection by covering claims that may impact multiple parties over several years. You will benefit from a single retention payment, simplifying your financial management and ensuring consistent coverage.
Trust our dedicated team to navigate the complexities of claims and disputes so you can focus on advancing your innovations and maintaining your business’s success.
Global coverage and services
With Travelers, you gain access to worldwide coverage and services designed to safeguard your business from a wide array of international risks and challenges, including:
Expanding your products and markets
Risks include product liability risks, including from clinical trials, expanded global risks and risks from new acquisitions.
Expanding your operations
Risks include worker injuries, property risks, and limitations on critical resources and internal capabilities.
Expanding your information systems
Risks encompass managing more systems and data and facing the challenges posed by artificial intelligence.
Protect your innovations: Consult your insurance agent today.
In the rapidly evolving world of life sciences, safeguarding your research and development is more crucial than ever. Travelers Synergy with worldwide coverage can help mitigate risks and protect your valuable assets from potential liabilities. Don’t leave your future to chance – reach out to your insurance agent today to explore tailored solutions that fit your specific needs. Ensure your innovations are protected so you can focus on what matters most: advancing science for a better tomorrow!
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