Clinical Trial Insurance Management
Insurance plays a key role in clinical trials, as it is usually used to demonstrate clear evidence to the relevant regulatory authority that the sponsor of a clinical trial has the necessary funding to adequately compensate all study participants.
Clinical trial insurance is a key component of any medical research program. It offers financial protection to both the researchers conducting the study and the volunteers who participate if unforeseen problems arise as a result. Clinical trial insurance is usually a regulatory requirement, so it’s important that your policy provides the right level of coverage for your needs.
Clinical trial insurance management provides protection to sponsors / organizers of clinical trials for the testing of drugs and medical devices, covering their legal responsibility for the payment of compensation in the event of injury to a trial participant.
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