Independent research and development insurance brokers

Why do I need research and development insurance?

The sector and industry of research and development is a fast-paced and growing one

Because of the nature of the research and development field, it’s vital to your product’s success that you get the correct type of insurance.

Typically, your standard property or even business interruption insurance will not provide protection for the possible risks you could face.

If you do not have adequate insurance you may not reach your goals or timeframe for the research and development of your product.

Your insurance cover will naturally incorporate all of the basic covers for protecting your business assets, business interruption, liabilities and vehicles.

However, you will need specialist research and development insurance to ensure that any funding of a research and development project is protected, as well as any loss of income that is delayed if your research and development project is put back.