Life Sciences

Life Sciences
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Managing risk to protect your innovations

We understand that businesses within life science face a rapidly evolving landscape with frequently changing regulatory requirements and a range of emerging risks.

We have an intense focus on client service and a real passion to challenge and explore every aspect of risk associated with your business. This gives you the assurance of having program that is tailored to your unique requirements.

    Flexible approach, local knowledge, and a global reach

    In a changing insurance market, as specialists, we challenge our clients with fresh thinking and work with them to develop quality risk profiles to present to underwriters for optimum outcomes.

    Being the world’s largest privately-owned insurance broker, our clients benefit from the strong relationships Lockton has built with domestic and international providers.

    Our own Global Healthcare Network, gives us powerful leverage within the marketplace to successfully deliver cost-effective, bespoke insurance programs for each client’s individual requirements; without jeopardising coverage.

    Life Sciences

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    An industry-leading team of experts focused on the unique risks facing the life sciences industry.

     

    Products and services

    A creative and expanding range of solutions. 

    We understand that the life sciences industry is different and a customised program is crucial in protecting businesses involved in pharmaceutical, research and development, medical device manufacturing, and human clinical trials.

    By understanding what you do and what your individual needs are, we ensure there are no coverage gaps or overlaps within your insurance program including:

    • Life science insurance 
    • Clinical trials insurance along with the ability to deliver quick issuance of certification
    • Product liability
    • Property and business interruption including supply chain risk
    • Professional indemnity 
    • Directors' and officers'
    • Cyber
    • Other specialised life sciences services, such as; product recall, medical malpractice, supply chain risk review, marine cargo, employee benefits and additional industry solutions.

    When it comes to managing risk it’s the quality of our thinking and our proactive approach that makes us different.

    AusBiotech Lockton

    Lockton is a member of AusBiotech: the leading Australian industry body representing and advocating for organisations doing business in and with the global life sciences economy.

     

    Our team

    Our team is the key centre of excellence consisting of a range of clients, advocates, liability and claims people.

     

    Broking done differently

    We're more than an insurance broker -
    we're independent specialist risk consultants

    • Find the right fit
      We will always ensure to understand your financial goals and position and use our know-how to create a strategy that fits your objectives
    • Predict impacts on your business
      We combine detailed modelling and financial analytics to show you the effect of an insurance program on your business and the risks you face
    • Fight for you
      We are not afraid to challenge insurers on your behalf to achieve the best result for you and your business
    • Stay up to date
      We keep up with developments in your industry, to make sure we understand your business
    • Keep costs low
      We help risk financing come up with lowest cost or most suitable program
    • Global Expertise
      Lockton, Inc. is the world's largest privately held insurance brokerage firm