Research & Development Property Insurance protects laboratories, technology firms, pharmaceutical companies, manufacturers, biotechnology organizations, and research facilities against the property, equipment, and operational exposures associated with research, testing, innovation, and product development activities.

Coverage is designed to support financial stability and operational continuity when critical research assets, specialized equipment, or development environments are damaged or disrupted.

Coverage typically responds to losses involving laboratory equipment damage, fire, contamination, theft, equipment breakdown, power interruption, environmental incidents, or other covered causes of loss affecting research facilities, prototypes, testing environments, data systems, or specialized operational assets.

Coverage may also include protection for:

• Laboratory equipment and specialized research asset protection

• Prototype, testing, and experimental property exposures

• Equipment breakdown and utility interruption losses

• Contamination, environmental, and cleanroom-related incidents

• Business interruption and extra expense arising from covered losses

• Coverage supporting pharmaceutical, biotechnology, healthcare, manufacturing, and technology research operations

For organizations operating across multiple jurisdictions, coverage may be coordinated through a Controlled Master Program (CMP), such as the WMB Global Risks Global Master Program, with locally admitted policies where required to support coordinated protection, regulatory compliance, and consistent coverage standards across jurisdictions.

Research & Development Property Insurance is designed to help organizations protect critical innovation assets, reduce operational disruption, and maintain continuity throughout research and product development operations.

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