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Scientific Material Protection

LabSecure™

Proposed cover for research materials, samples and laboratory environments where value often lies in irreplaceable work.

Request a quotationSubject to underwriting
Product overview

Coverage description

Physical loss or damage to materials, equipment and samples, with options for reconstitution costs and controlled-environment failure.

Eligible industries
Research laboratoriesUniversitiesBiotech and pharmaAdvanced materials producers

Covered risks

  • Fire and explosion
  • Temperature or atmosphere failure (where agreed)
  • Accidental damage
  • Transit between facilities

Policy exclusions

  • Failure of experiments or research outcomes
  • War, invasion and nuclear risks unless specifically agreed
  • Wilful misconduct or fraud by the insured
  • Gradual deterioration, wear and tear, inherent vice
  • Sanctioned parties, goods or jurisdictions
  • Losses outside the agreed territorial scope

Underwriting requirements

  • Completed proposal form and declared values
  • Independent valuation or certification where relevant
  • Security, storage and transit protocols
  • Loss history for the last five years
  • KYC, sanctions and beneficial ownership checks

Claims procedure

  1. 01Notify Renfield as soon as reasonably possible after discovery
  2. 02Take reasonable steps to prevent further loss and preserve evidence
  3. 03Provide the documentation requested by the claims team
  4. 04Cooperate with any appointed loss adjuster
  5. 05Assessment and any settlement follow the policy terms and insurer approval
Advanced Materials & Laboratory InsurancePharmaceutical Research InsuranceRare Minerals & Scientific Materials
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Subject to underwriting

All products are proposed or available subject to underwriting approval, applicable licensing and confirmation of insurer capacity. Nothing on this site constitutes an offer of insurance or guaranteed coverage.