R&D for start-up organisations 

We understand that smaller research and development companies need specialist cover at an affordable price. That’s why we adapted our biomedical and life sciences policy to meet the requirements of new start-ups and small organisations working on a modest budget.

Public and products liability is a mandatory cover and can be purchased on a stand-alone basis. Alternatively optional covers can be added to create a package policy.

Get a quote 

Cover can only be purchased via an insurance broker.

Eligible companies must meet specified criteria. Please see below for further details. Our biomedical and life sciences policy may be suitable for those that are unable to comply.

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0345 351 2600

Cover is available for UK businesses undertaking research and development activities relating to the development of their own products or services within the following sectors:

  • Pharmaceutical
  • Biotechnology
  • Medical device
  • Dietary supplement
  • Medical food
  • Laboratory instrument or equipment

Eligible companies must have 10 employees or fewer, with a fee income/turnover not exceeding £30,000 per annum and a maximum of £500,000 from other sources, such as grants or R&D funding

Legal liabilities

  • Public liability / products liability
  • Professional liability
  • Employers’ liability
  • Cyber and data risks

Management risks

  • Directors’ and officers’ liability

Protection of assets

  • Property damage
  • Business interruption
  • Portable equipment
  • Money and personal assault
  • Transit

We can only provide cover under this offering if you are able to comply with the criteria below. If this isn’t possible our biomedical and life sciences product may suit your needs.

Mandatory cover: Public and products liability (standalone and package options)
Cover is available for UK businesses undertaking research and development activities relating to the development of their own products or services within the following sectors:

  • Pharmaceutical
  • Biotechnology
  • Medical device
  • Dietary supplement
  • Medical food
  • Laboratory instrument or equipment

To be eligible companies must:

  • Have 10 employees or fewer
  • Have a fee income/turnover not exceeding £30,000 per annum and a maximum of £500,000 from other sources such as grants or R&D funding
  • Have no commercial product sales
  • Not handle, as classified by EU directives 2000/54/EC or 90/679/EEC and subsequent amendments, group 3 or group 4 biological agents
  • Comply with the ‘risk specification’ in section D of the quote form

Optional cover: Cyber & data risks (not available in isolation)

Cover is available for UK businesses who undertake the following on ALL computers:

  • Utilise and maintain updated ant-virus, anti-spyware and firewall protections in accordance with the software providers recommendations
  • Undertake a backup of data at least monthly
  • All employees are automatically prompted to change their passwords at least every 90 days
  • Do not operate any websites that process payment online

Optional cover: Directors and officers liability (not available in isolation)

Cover is available for UK businesses who can comply with the following:

  • You have funding in place to continue your business for at least the forthcoming 12 months
  • You are able to pay your debts as they fall due
  • You are a UK registered private limited company with no traded shares

Alongside insurance solutions, we can also assist your clients with tax and funding services such as R&D tax relief, tax funding and patent box through our partner Abbey Tax. 

Download the service brochures below: 

For more information about any of these specialist tax and funding services, please contact your local Markel underwriter.