New Specialized Insurance Coverage Now Available for Massachusetts Life Sciences Companies
Pearson Wallace Insurance brings essential protection to the Bay State's growing biotech and medical device sector
Great news for Massachusetts life sciences companies: a comprehensive insurance solution specifically designed for your industry is now available as admitted coverage in the Commonwealth.
As of September 13, 2025, The Hartford's Life Sciences Elite Product Liability program received official approval in Massachusetts, opening the door for biotech firms, medical device manufacturers, pharmaceutical companies, and related businesses to access robust, tailored protection right here in our state. Pearson Wallace is proud to offer The Hartford’s insurance Life Sciences products and a variety of other business insurance policies to Massachusetts companies.
Why This Matters for Massachusetts Life Sciences Companies
Massachusetts has long been a hub for innovation in biotechnology, medical devices, and pharmaceutical development. From Boston's Longwood Medical Area to research facilities across Western Massachusetts, our state is home to companies pushing the boundaries of medical science. However, these innovative businesses face unique risks that standard business insurance policies simply don't address adequately.
The newly approved Life Sciences Elite program fills this critical gap with admitted coverage—meaning it's backed by state guaranty fund protections and meets Massachusetts regulatory insurance standards.
Comprehensive Protection Through Every Stage
What sets this program apart is its ability to grow with your company. Whether you're in pre-clinical research or bringing products to market, the Life Sciences Elite coverage adapts to your evolving needs, providing protection for:
Product Liability – Coverage for products regulated by the FDA
Professional Services – Protection for consulting and advisory services
Human Clinical Trials – Essential coverage during the testing phase
Errors & Omissions – Professional liability protection
Cyber Liability – Protection against data breaches and cyber incidents
Is Your Company a Good Fit?
This specialized program is designed for Massachusetts businesses that research and develop FDA-regulated products, including:
Biotechnology research firms
Medical device manufacturers and developers
Pharmaceutical and drug development companies
Dietary supplement producers
Veterinary product manufacturers
Contract service providers supporting life sciences companies
Local Expertise You Can Trust
At Pearson Wallace Insurance, we understand that navigating insurance options for specialized industries can be complex. Our team is here to help Massachusetts life sciences companies understand their coverage options and find the right protection for their unique operations.
Whether you're a startup launching your first product or an established company expanding your portfolio, we can help you evaluate whether the Life Sciences Elite program is the right fit for your risk management needs.
Ready to Learn More?
If your Massachusetts life sciences company needs specialized insurance coverage, we're here to help. Contact Pearson Wallace Insurance to discuss how this new program can protect your business as you innovate and grow.
About Pearson Wallace Insurance: Pearson Wallace Insurance LLC is a trusted insurance agency serving businesses and individuals throughout Massachusetts, providing expert guidance on commercial insurance, personal insurance, and specialized coverage solutions.