The pharmaceutical industry is among the most heavily scrutinised in the world. One small error in formulation, storage, or delivery can result in lawsuits, regulatory shutdowns, or consumer harm.
With proper Pharmaceutical Manufacturing Insurance, you gain protection against:
Product Defect Lawsuits: Even with FDA approval, adverse effects can lead to litigation
Recall Expenses: These are often not covered under standard property or liability policies
Contamination Events: A batch exposed to foreign materials or improper handling can require disposal and facility shutdown
Equipment Downtime: Lab and production machinery are expensive to repair and vital to your operations
Regulatory Penalties: A well-structured policy may assist with legal fees and claims resulting from alleged violations
For broader protection across the sector, explore Manufacturer Insurance California and General Liability Insurance California.