Clinical Trial Liability Insurance

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Clinical Trial Liability Insurance

Hello Team,

Thank you for hosting this live Q&A session. In order perform clinical validation studies, the clinical trial becomes a valuable tool. With many issues surrounding the topic such as IRB, enrollment etc., one particular arena, the clinical trial liability insurance, has become a topic that is being debated by our team. Being a small company with very limited financial resources, the quotes for the insurance have been cost prohibitive. Our physicians do not have the clinical trial riders on their malpractice neither do they want to change their policies due to other restrictions. The hosptials can provide some indemnity protection but in our opinion not the best approach. Have you encountered such scenarios where the cost and need for clinical trials have slowed developemnt?

Thank you in advance!