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A new online system from the Chubb Group of Insurance Companies aims to help life sciences companies obtain clinical trial liability insurance documentation more quickly and easily. The new system, Chubb WORLDcert, allows drug and medical device developers to secure required insurance documentation for clinical trials around the globe.
Life science companies and contract research organizations can find it difficult to secure approval from a medical institution’s ethics committee to begin a clinical trial without accurate documentation that appropriate insurance has been secured.
WORLDcert provides instant certificates of insurance in 149 countries. Sponsors of clinical trials in these countries generally will be able to receive certificates without having to wait for an insurance agent or broker.