Reich Insurance launches innovative online Life Sciences insurance quote portal

Reich Group, a top 50 UK independent insurance broker, based in Manchester, today announces the launch of their new and unique online Life Sciences insurance quote portal for SME clients.

In the complex world of Life Sciences, companies are faced with a number of challenges and unique risks that are often difficult to insure. Reich’s expertise in this field means they can provide innovative and tailored insurance solutions, designed to be future-focused and flexible; today, tomorrow and into the future.

For Life Sciences companies, particularly smaller businesses in Pharmaceutical, Medical Device, Biotechnology, Nutraceutical and R&D, there are limited products available in the insurance market, especially at an affordable cost. This often means that many companies are forced to take out non-specialist cover, often at prohibitive prices, which can actually leave them underinsured, or in some areas, not insured at all.

Reich has recognised this need for a bespoke solution and developed a specialist insurance quote portal that gives SME businesses access to the right cover at significantly lower insurance premiums than is often seen within the sector. Premiums start from just £690.00 per annum, which is far below the majority of other minimum premiums available from insurers in the Life Sciences market.

The Reich policy includes Employers and Public Liability, Business Interruption, Property Damage, Products Liability, Professional Indemnity and Directors’ and Officers’ Insurance – all within a bespoke policy wording written specifically for the sector. Reich can also add on products such as Clinical Trials Insurance to suit the needs of individual client.

This insurance quote portal is unique within the sector that allows Life Science businesses to obtain an insurance quote in under a minute. The portal can be accessed via https://lifesciences.reichinsurance.co.uk/

Simon Taylor, CEO of Reich, commented, “At Reich Insurance we are constantly striving to create innovative solutions within the industry that puts the client first, ensures that they are properly protected and at a competitive price.”

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Images: Insurance head office, Chapel Street, Manchester. Reich Life Science quote tool

(hi resolution versions available on request)

Notes to editors:

About Reich Insurance:

• Based in central Manchester
• A top 50 UK independent Insurance Broker*
• Over 70 years in business
• Over 120 staff
• Over £75m Gross written Premium
• Combined total of £14.53 billion insured
• A leading provider of Business, Real Estate, Personal, Life and Healthcare Insurances
• One of the first brokers to sign up for the CII, Chartered Insurance Broker status
• Member of the British Insurance Brokers’ Association (BIBA).
• Find out more by visiting www.reichinsurance.co.uk

Media contacts:

Julian Steedman
Brandex Group
Mobile: +44 (0)7881 921090
E - julian.steedman@brandex.co.uk

Reich Brokers, Reich Insurance Brokers Ltd, Reich Healthcare Ltd and Reich Life Ltd. Reich Brokers, Reich Insurance Brokers Ltd and Reich Life Ltd are directly authorised and regulated by the Financial Conduct Authority. Reich Healthcare Ltd is an Appointed Representative of Reich Insurance Brokers Ltd who are authorised and regulated by the Financial Conduct Authority. ‘Reich Group’ and ‘Reich Group of Companies’ are trading styles of Reich Brokers, Reich Insurance Brokers Ltd, Reich Life Ltd and Reich Healthcare Ltd. ‘Reich Life Sciences’, ‘Reich Private Clients’ and ‘Reich Insurance Brokers’ are trading styles of Reich Brokers and Reich Insurance Brokers Ltd. ‘Reich Insurance’, ‘Reich Construction’ and ‘Memorial Protect’ are trading styles of Reich Insurance Brokers Ltd. ‘Reich Insurance Brokers’ is a trading style of Reich Brokers.

*Source Insurance Post