Clinical trials Liability Insurance Policy -++ Magma Insurance
CLINICAL TRIALS LIABILITY POLICY
Clinical Trials insurance solutions provide protection for the sponsors/ organizers of clinical trials, covering their legal liability to pay compensation in the event of an injury to a trial participant
Coverage
exists for liability of all phases of clinical trials for drugs and medical devices as well as non-compulsory studies arising from:
- negligent harm to trial participants
- no-fault compensation
This policy does not cover liability for:
- Bodily injury of a research subject (patient) provided that person suffers from a medical condition the treatment of which is the object of the investigated pharmaceutical and provided that this bodily injury is caused by inevitably occurring effects /events of which the research subject has been informed and does not exceed a limit of severity deemed acceptable in medical science.
- Bodily injury and exacerbation of a pre-existing bodily injury which would have occurred or persisted even if the research subject had not participated in the insured clinical trial.
- Genetic damage.
- Bodily injury of a research subject due to his deliberate act contrary to the explicit instructions of the persons assigned to conduct the insured clinical trial.
- Bodily injury arising from the development of an addiction as the consequence of an insured clinical trial.
- Expenses as a result of unwanted pregnancy /wrongful conception as the consequence of an insured clinical trial
- Punitive and/or exemplary damages and other according to foreign law potential claims and calculation methods.
- Compensation of immaterial damages (e.g. damages for pain and suffering).
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