R&D Insurance

R&D Insurance

Intelligence insurance for R&D companies with Lab Portfolio™
Protect the fruits of your invention

Biotech | Contract Research | Medical Device Development | Analytical Labs | Micro & Nano Engineering Labs | Environmental Testing Labs | Agribusiness | Toxicology Labs | Life Science Incubators & Trade Associations

Bullet-proof your enterprise with Lab Portfolio™ from La Playa - a specialist insurance policy for start-up, early stage and SME research and development businesses. Click here for the online application.

Working in R&D, you need specialist advice and insurance from a broker who really understands you. The way you raise and spend capital, conduct R&D operations, create critical research materials and data, develop novel products and deliver services all demand new thinking when it comes to arranging insurance.

Lab Portfolio™ is a practical, modular insurance solution that starts with Employers’ and Public Liabilities and builds in other covers as and when you need them, meaning you only pay for the insurance you need, when you need it.

Key features:

  • Employers’ Liability Insurance: covers your liability to employees for injury or illness arising from their work.
  • Public and Products Liability Insurance: protecting your business against allegations of negligence resulting in third party injury or property damage.
  • Professional Liability: dealing with allegations of negligence or poor performance in your services.
  • Property Insurance: protecting your physical assets including buildings, improvements (such as lab fit-outs), office & lab machinery & equipment, computers, stock, lab books, prototypes and R&D materials – even mobile equipment.
  • Business Interruption Insurance: protecting your income streams when there’s an unexpected interruption to business operations.
  • Stock deterioration Insurance: critical protection for loss arising from malfunction or loss of power to fridges or freezers.
  • Terrorism Insurance: protects against loss or damage resulting from acts of terrorism or the ideologically motivated.
  • Discounted Health & Safety Services: access to specially designed risk assessments to help keep you compliant with Health & Safety legislation.

We make the complex simple: Lab Portfolio™ is available online now – the application process is quick and easy and entirely without obligation. Click here for the online application.

We can also provide:

Apply for a quote online or get in touch by using the form below.

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“For smart technology insurance, you don't get much smarter.”

 

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

Monthly Payments
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About La Playa Science & Technology

Specialist & Independent

Specialist & Independent

La Playa's specialist Science & Tech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language.  We’ll support you with great advice - helping you make good decisions for your business. 

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

Tech-based business is 24/7, global and borderless, exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

  • Specialist insurance for science and technology
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture

Seamless insurance across UK and US

What does “Boutique Service” actually mean?
La Playa’s Personal Risk Concierge means:

  1. dedicated adviser so you can speak to the same person each time
  2. Careful listening to really understand your needs and priorities
  3. As much help as you need with completing forms to provide risk information
  4. A discreet and complimentary appraisal* of your property to assess the risks and ensure you have the right cover where you need it
  5. An independent market review - so you don’t have to shop around comparing policies, cover limits, risks covered and smallprint exclusions
  6. Careful monitoring of the insurers’ financial strength, claims and customer service
  7. An independent recommendation of the best policy for you - and, importantly, why
  8. Specialist policy wordings from underwriters who have demonstrated excellence and deep understanding of your risk exposures. We have analysed a wide range of policy wordings and have selected only the best for our panel. Our advisers have a deep working knowledge of these policies 
  9. An intelligently designed portfolio of protection across multiple asset classes and territories
  10. Advice on how best to manage your risks - to keep you safe but also to keep insurance costs down
  11. Expert guidance on valuations, security and risk management, and connecting you with specialist advisers and suppliers
  12. Direct phone, mobile and email access to your adviser for questions and advice. We aim to respond to emails within 60 minutes
  13. Policy documents emailed to you - no logins and passwords to remember
  14. An advocate beside you if you make a claim - thinking laterally to mitigate the impact, making useful connections to get you back up and running; driving through to a swift and fair financial settlement

Oh, and...

  • No call centres
  • No ‘hold’ music
  • No hidden fees

*subject to availability with our insurer panel

Photo from Science & Technology
Photo of Hanna Beaumont FIRM

Hanna Beaumont FIRM

DIRECTOR, CORPORATE

Direct Dial: +44 (0) 1223 200664

Mobile: +44 (0) 7795 473071

Email: hanna.beaumont@laplayainsurance.com

Twitter: @HannaBLaPlaya