Life Sciences & Technology

At Waypoint Insurance, we understand the unique challenges and risks faced by businesses in the life sciences and technology sectors. Our specialized Life Sciences & Technology Insurance solutions are designed to provide comprehensive coverage and peace of mind, allowing you to focus on innovation and growth.

Coverage is available for:

  • Biotech Startups
  • Established Tech Firms
  • Medical Esthetics and Skincare Clinics
  • Healthcare Facilities
  • Healthcare Professional and Practitioners
  • Senior Care Homes

Life Sciences & Technology

At Waypoint Insurance, we understand the unique challenges and risks faced by businesses in the life sciences and technology sectors. Our specialized Life Sciences & Technology Insurance solutions are designed to provide comprehensive coverage and peace of mind, allowing you to focus on innovation and growth.

Coverage is available for:

  • Biotech Startups
  • Established Tech Firms
  • Medical Esthetics and Skincare Clinics
  • Healthcare Facilities
  • Healthcare Professional and Practitioners
  • Senior Care Homes

Coverage is available for:

  • Biotech Startups
  • Established Tech Firms
  • Medical Esthetics and Skincare Clinics
  • Healthcare Facilities
  • Healthcare Professional and Practitioners
  • Senior Care Homes

Why Choose Waypoint Insurance?

Local Touch, National Strength™: Founded in British Columbia over 150 years ago, Waypoint Insurance has deep roots in the communities we serve. As part of the Navacord group, we leverage our national relationships with key insurance carriers to offer the best value for your investment.

Expertise in Life Sciences & Technology: Our in-house experts specialize in the life sciences and technology industries, providing tailored solutions that address the specific risks and exposures faced by businesses in these sectors. From biotech startups to established tech firms, we have the experience and knowledge to protect your business.

Comprehensive Coverage Options:

Protects the physical assets of a business such as buildings, specialized equipment, laboratories, and facilities against insured perils. A broad property policy would typically insure against the perils of fire, water damage, theft, vandalism, earthquake, flood and sewer back–up.

Protects businesses against third-party bodily injury or property damage claims caused by the business operations, products, or premises. 

Typically included in the General Liability form, it extends coverage to liability arising from products manufactured, sold or distributed by the business as well as completed operations.  Typically included is protection against claims of libel, slander, copyright infringement and other advertising-related offenses. 

Provides protection for businesses involved in research and development for medical products or treatments. Includes participant injury coverage, no-fault compensation and liability coverage during the trial process.

E&O insurance is crucial for life sciences businesses, providing protection against claims of negligence, errors, or omissions in their professional services and products.  

Life Science business often involves the handling of hazardous materials and potential contaminants.  Pollution liability insurance helps life science businesses manage the unique environmental risks associated with their operations by paying for clean-up costs, legal fees and settlements for environmental damage and protection against third-party bodily injury or property damage claims caused by pollution. 

Helps life science businesses replace lost income and cover ongoing operating expenses and extra expenses incurred by the organization during a period of interruption caused by insured perils damaging their insured property. 

Protects against data breaches, cyber-attacks, and other cyber-related incidents.

Protects businesses against losses caused by employee theft, robbery and burglary, forgery & alterations, computer fraud, and social engineering fraud.  Crime insurance helps non-profit organizations mitigate the financial impact of criminal activities and maintain operational stability.

Protects businesses against unexpected failures of essential equipment.  This includes the cost of repairing or replacing equipment damaged by mechanical or electrical failures and resulting loss of business income.  It can also pay for necessary expenses to expedite repairs or temporary equipment to minimize downtime.

D&O Insurance protects the personal assets of directors and officers, as well as the financial well-being of the company, against claims alleging wrongful acts in their management of the company.

Sometimes included as part of a D&O policy or a standalone policy, EPLI covers employee claims against the company for various employment-related issues such as wrongful termination, discrimination, sexual harassment, and retaliation.

The Waypoint Advantage

Solid Insurer Relationships: Our strong relationships with insurers allow us to secure optimal coverage for your business, ensuring you receive the best products and customer service the insurance industry offers

In-House Risk Management Team: Our dedicated risk management team will help you evaluate your operations and prevent losses, providing proactive advice and support to keep your business running smoothly.

Exceptional Client Service: We pride ourselves on delivering exceptional client service. Our dedicated advisors are committed to servicing your account and providing personalized support every step of the way.

Commitment to Excellence

As a leading insurance brokerage in Canada, Waypoint Insurance & Navacord are uniquely positioned
to offer industry-specific coverage and tailored benefits solutions for your business. Whether you
operate a small manufacturing unit or a large-scale plant, we have the expertise and resources to
protect your business from a wide range of risks.