Clinical Trial Insurance
Research organizations carrying out clinical trials face the risk of legal liability to pay research subjects (Participants / Patients ) for the death, bodily injury, physical or mental illness, disease or impairment caused due to the research.
Clinical Trial Liability Insurance (CTLI) provides cover against legal liability arising out of lack of care, negligence resulting in injury or death of the subject. Insufficient/improper disclosure and conflict of interest may also become subject matter of suit.
This policy will indemnify the insured against all sums for which he will be legally liable pay to any Research Subjects (Patients) for the death bodily injury physical or mental illness disease or impairment caused by the research. The policy will also pay for the costs & expenses incurred by the Insured in connection with the defense or settlement of any claim.
· List of the names of the (Participants /Patients)
· Informed consent form from all the participants
· Confirmation of the usage of the drugs prescribed by WHO
· Company Profile
· Sum Insured / Period required