Pharmaceuticals

India offers a huge cost advantage in the clinical trials domain that propels the multinational companies to move R&D to India. At a growth rate of 9 per cent per year approx., the pharmaceutical industry in India is well set for rapid expansion. The Pharmaceutical Industry today is in the forefront of growth with wide ranging capabilities in the fields of research, manufacturing, and outsourcing. The Indian pharmaceutical industry now looks ahead to a golden future, what with contract research and clinical trials businesses taking wing, and the new patent regime opening new avenues for players in the country. Contract research--including both drug discovery research and clinical research—have recorded a spurt in growth. Material damage of the business’s assets including covers for money, theft and glass Business interruption insurance to ensure your business has an income whilst your business is getting back to order after a claim Machinery and electronic equipment breakdown Product Recall and Liability Health and Personal Accident cover for your employees Clinical Trials Liability Errors and Omissions cover Product Liability Professional Indemnity Legal liability for the operation of your business Statutory liability insurance.