Life Sciences

In the heart of innovation, where the brilliance of life sciences and medical technology meats, your business thrives on the edge of opportunity and risk.

From safeguarding the sanctuaries of knowledge and intellectual property in an era where artificial intelligence constantly reshapes boundaries, to the fierce arena of talent retention, the stakes are unparalleled. The sector is also navigating through tumultuous waters of complex exposures and emerging risks such as cybersecurity threats, economic fluctuations, and meticulous product safety demands. Moreover, the labyrinth of global supply chains presents its own set of trials, including business interruption risks, meticulous sourcing strategies, and stringent contractual obligations.

At Marsh McLennan Agency, we understand that the path to innovation is both exhilarating and fraught with challenges. That's why we've tailored a comprehensive suite of insurance solutions, meticulously designed to not only safeguard your endeavors but to propel you towards your grandest ambitions. Spearheaded by our wealth of industry-specific knowledge and expertise, ensuring that your business isn't just protected—it's primed to thrive in the fast-paced world of medical technology. Let us be the steady hand that guides your venture through the uncertainties, enabling you to pursue breakthroughs with confidence and without limits.

Life Sciences Industry Services

Analytics and Data Insights

Drawing data from our extensive Global Benchmarking Portal, actuarial and statistical analyses, financial analysis, and decision modeling, we can help our clients better understand their risks, evaluate alternatives, and, ultimately, reach the best decisions with the data and analyses to back them up.

Claims Management

A local, hands-on approach with national resources helps us both understand a situation more fully and engage appropriate resources to achieve the best client result possible.

Safety Services

We look beyond just preventing accidents and strive to help you develop safe, efficient work environments, increase awareness of safety issues within your organization, and help you maintain quality, production, and profitability for your business.

Cyber

We assess your company’s cyber risk and help you build a proactive risk management plan that includes improving ransomware controls, calculating risk transfer limits, providing insurance coverage, education, and consulting.

Captives

We provide innovation at every turn including bringing you creative risk solutions. With our exclusive captive programs and other alternative risk strategies, the possibilities are virtually limitless.

M&A Due Diligence

We know the timing of these deals is critical, but the right coverage can be even more important. Our experienced M&A Team works with our clients, no matter what the deadline, to identify previously overlooked exposures and design tailor-made insurance programs to meet the specific needs of the consolidated organization.

Culture Risk

We understand that safety within an organization cannot be simply checking a box to comply with Occupational Safety and Health Administration (OSHA) standards. At Marsh McLennan Agency, we use the phrase “culture beats compliance” and we believe this unequivocally.

Risk Transfer and Certificates of Insurance

We help you build a strong risk management plan that includes a process for ensuring the third party has the correct insurance coverage and that your contract with them properly transfers the appropriate amount of risk to them.