Understanding clinical trial insurance coverage
Throughout the history, we have made significant improvements in every aspects of life. From arts and entertainment to transport and telecommunication, we have made such giant strides that even the most genius minds of yesteryears couldn’t imagine. One such field which has improved in leaps and bounds is medicine. Modern medicine can cure many diseases which were earlier thought to be incurable and deadly. This was achieved not by accident but rather through continuous research and experiments.
When it comes to experiments, the last step for new medicines and clinical processes is always the testing on humans. Only through this experiment, a medicine can be considered safe and effective on humans. Although, clinical trials on humans are relatively safe (the medicine is ensured to be safe before being tested on humans), it still poses huge risks. After all, it is trial and chances of failure cannot be written off. This is where clinical trial insurance coverage becomes significant.
Clinical Trial Insurance coverage is imperative for your medical research, protecting your participants and your business in the event of any unforeseen incidents. Clinical trial insurance coverage is divided into two categories.
This is the policy which offers compensation if a research subject is harmed because of the negligence of the researcher or the institute
As the name suggests, this is the policy which offers coverage to unintentional damage or harm caused to the participants.
In the field of clinical trials, even small errors can cause significant impact to the participants or the institute. Hence, it is vital that your institute is protected by clinical trial insurance, for the safety of your participants and your business.
For more information on UNISON visit: https://unisoninsurance.net/