What are key actions every life sciences company should take to mitigate risks when it comes to their innovation?
As we’ve noted throughout our Life Sciences Playbook, liability coverage is essential for medtech and life sciences companies. Here are 6 key actions every company should take to protect itself.
Select a broker and an insurance carrier with expertise in medtech and life sciences.
Obtain coverage for the appropriate people, sites, and markets.
Ensure that trial protocols are solid and that everyone involved is adhering to them.
Ensure that informed consents are truly informed and that there are no red flags (such as inordinately high compensation for trial participants).
Document your decisions, especially those related to safety.
