Jardine Lloyd Thompson Limited (JLT) was delighted to contribute to the recently published 'International Product Law Manual' by Kluwer Law International.
In addition to examining the current insurance environment for life science companies, this chapter will review the recent history of life science insurance and explain how we have got to where we are. It then identifies some of the main players, reviews the procurement process, identifies some typical policy wordings, and gives examples of how coverage can be impacted if attention to detail is not paid. The chapter then explores how claims are managed and set out practical issues to be aware of. Finally, the chapter explores recent developments that might influence the future of product liability insurance for life science companies.
*Arundel McDougall & Prashant Popat (eds), International Product Law Manual (copyright Kluwer Law International, 2010)