Clinical Trial Insurance
Clinical Trial Insurance For Physicians, Principal Investigators, Researchers and Trial Management Companies.
Recently we've had a flurry of interest from doctors and companies looking for professional liability insurance to cover their participation in clinical trial work.In the past, a doctor’s medical malpractice insurance policy would most often extend coverage for this work, sometimes with a slight surcharge to cover the exposure, though more often not. But as the current state of medicine and the changing economic reality has driven many physicians from an independent, solo practice into larger group, corporate, or hospital arrangements, these entities are no longer as willing to extend their group coverage to assume the risk over their physician’s individual clinical trial work.
As a result, they are being forced into the general marketplace to look for a reasonably priced solution to this coverage crisis. However, this market often doesn't understand the nuances of this risk.