Clinical Trials Insurance

Our specialist Clinical Trials Insurance team provide cover for every phase of a clinical trial, with locally compliant coverage given on an admitted basis.
Product description

We understand the complexity, urgency, and specific risks involved in every stage of a clinical trial. Our Clinical Trials insurance solutions provide protection for the sponsors/organisers of clinical trials for drug and medical device testing, covering their legal liability to pay compensation in the event of an injury to a trial participant. 

Our team of specialist underwriters, risk consultants, and claims experts — which includes pharmacists and (bio)chemists — support the underwriting of trials worldwide and throughout all phases of a trial: this is complemented by our speedy and reliable quotations and documentation which is crucial for clients in this specialist segment. 

Risks covered

We cover liability for all phases of clinical trials for drugs and medical devices as well as non-compulsory studies arising from negligent harm to trial participants or non-negligent harm (also known as no-fault compensation).

Underwriting is based on the agreed protocol and informed patient consent form (ICF) which describe the objectives, design, methodology, statistical considerations, and organization of a clinical trial.

Our Clinical Trial Insurance provides coverage for clinical tests on pharmaceutical products and medical devices before they are brought onto the market, with a special focus on:
  • Pharmaceutical
  • Medical device
  • Indemnity to the insured as “trial sponsor”, including pharmaceutical companies and contract research organisations
  • Liability for injury to a trial participant, including no-fault compensation where required
  • Coverage can be provided for the full length of the trial
  • Fully admitted policies in each territory in local language
  • Compliance with the local level of cover in all territories
AGCS will consider every risk on its own merit. Capacity and coverage offered to individual clients subject to hazard, Nat Cat exposure, grading, terms & conditions.
The products and services described on this page may not be available in all AGCS locations. Please contact your local office for full information on local product availability.
Financial strength backed by
strong ratings
Network to service clients in 200+
countries and territories
Manager of 2,800+ global programs for international insurances
A tradition of excellence, 100+ years of technical expertise
Wide range of dedicated risk consulting services by our engineers
We field one of the strongest claims teams of any global insurer
92m customers globally – we insure over three quarters of the Fortune 500®
4,000+ employees in over 30 countries and 50 offices worldwide
Part of the Allianz Group, a leading financial services provider
ESG integrated into our underwriting via industry-leading rules and tools
Allianz Group is a founding member of UN Net-Zero Insurance Alliance

Allianz Risk Barometer

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  3. Natural catastrophes (25%) - 2021 rank: 6 (17%)
Our mobile app is a useful resource center for all our clients and brokers in North America. It features company information, product sheets and risk appetites for every line of business and service, and contact information for underwriters and other key members of the organization.
The Allianz Group offers a wide range of products, services, and solutions in insurance and asset management and operates as an international insurer on almost every continent.
With our worldwide network, Allianz Global Corporate & Specialty (AGCS) is one of the very few global insurers with an exclusive focus on the needs of global corporate and specialty clients.