Chemical & Pharmaceutical

Is a dynamic sector that plays a pivotal role in the development of chemicals, pharmaceuticals, and related products.

Characterized by its complexity, innovation-driven nature.

At Lambach Insurance Broker’s, we recognize the critical importance of the chemical and pharmaceutical sectors in advancing healthcare, innovation, and industrial progress. With the dynamic nature of these industries and the inherent risks involved in manufacturing, handling, and distributing chemicals and pharmaceuticals, it’s crucial for businesses to have comprehensive insurance coverage tailored to their unique needs.

Tailored Coverage for the Chemical and Pharmaceutical Sector

Property Insurance

Comprehensive coverage for manufacturing facilities, laboratories, warehouses, and other physical assets against risks such as fire, explosion, natural disasters, and equipment breakdowns. Protection extends to specialized machinery, reactors, storage tanks, and processing equipment critical to production processes.

Product Liability Insurance

Protection against financial losses arising from claims related to defective products, contamination, or adverse reactions to pharmaceuticals or chemicals. Covers legal defence costs, settlements, and judgments for bodily injury or property damage claims.

Business Interruption Insurance

Vital coverage to mitigate financial losses resulting from interruptions in manufacturing operations due to covered events such as fires, equipment breakdowns, or supply chain disruptions. Helps offset lost revenue and additional expenses incurred during the restoration period.

Supply Chain Insurance

Coverage for disruptions in the supply chain, including delays or interruptions in the delivery of raw materials, ingredients, or packaging materials. Helps mitigate financial losses and maintain operational continuity in the event of supply chain disruptions.

Environmental Liability Insurance

Protection against liabilities arising from pollution incidents, environmental damage, or contamination caused by chemical or pharmaceutical operations. Covers clean-up costs, legal expenses, and third-party claims for property damage or bodily injury.

Cyber Insurance

Safeguards against cyber risks and data breaches that could compromise sensitive information, intellectual property, or disrupt operations. Coverage includes data recovery, forensic investigations, and liability protection for regulatory fines or lawsuits.

Research and Development (R&D) Insurance

Coverage for research and development activities, including clinical trials, testing, and experimental processes for new pharmaceuticals or chemicals. Protects against financial losses resulting from failures, setbacks, or unexpected challenges in R&D projects.

Professional Liability Insurance

Protection for pharmaceutical companies, laboratories, and research institutions against claims of negligence, errors, or omissions in professional services. Covers legal defense costs and settlements for claims related to incorrect test results, misdiagnosis, or other professional errors.

Cargo Insurance

Coverage for the transportation of raw materials, finished products, or pharmaceutical supplies against risks such as theft, damage, or loss during transit. Essential for protecting valuable cargo assets and maintaining supply chain integrity.

Workers' Compensation Insurance

Provides coverage for medical expenses and lost wages for employees injured on the job. Mandatory in many jurisdictions to protect employees and employers in the event of work-related injuries or illnesses.

Advancing breakthroughs, ensuring well-being

At Lambach Insurance Broker’s, we understand the complex risks faced by businesses in the chemical and pharmaceutical sectors. Our team of experts is dedicated to providing tailored insurance solutions that address your specific needs, mitigate risks, and safeguard your assets. Contact us today to learn more about our specialized insurance offerings for the chemical and pharmaceutical industry.

+ 91 40 6617 1199

+ 91 40 6617 1199