Stock Deterioration Insurance

Stock Deterioration Insurance

Deterioration of stock contained in a controlled environment is a significant cost for life science businesses

How safe is your R&D material? The contents of your freezers may represent months of valuable R&D time – and without Stock Deterioration insurance, a malfunction could screw up project timelines and hit your revenue.

Insuring “property” in the biopharmaceutical sector differs hugely from risks of other sectors. A key area of concern for manufacture and research organizations is storage of refrigerated stock: losses arising from a change in controlled environment (malfunction or breakdown of fridges or freezers, dewars running dry) can be very costly, and an integrated risk management program is crucial.

Assessing the Risk

It’s important to evaluate how business-critical the contents of refrigeration units are. They may represent months of valuable research and development time, and losses might impact on revenue and clients’ R&D operations. 

  • The type of perishable property stored in each refrigeration unit
  • Critical temperature thresholds: the refrigerator manufacturer guidelines will outline how quickly the unit would lose temperature if power failed.
  • Estimated cost and time to replace the property?
  • Could production be maintained if one or more units failed?
  • Implications for customer relations and revenue?
  • Review current controls and how are these checked, implemented and kept up-to-date?
Read our Risk Management Checklist for Stock in a Controlled Environment and contact us for more information on Stock Deterioration Insurance.

Download: Science & Technology Brochure PDF Document

Stock Deterioration Test Tube 2

“An innovative leader in providing insurance solutions to technology businesses.”

Michael B, Venture Capitalist


Ready to work with us?

You can call us to talk more about your business on +1 646 665 7737

What's Covered?

Monthly Payments
Cancel Anytime
Benchmark Us
Quote within 24 hrs

About La Playa Science & Technology

Specialist & Independent

Specialist & Independent

La Playa's specialist Science & Tech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language.  We’ll support you with great advice - helping you make good decisions for your business. 

Advice You Can Trust

…from an expert who understands you

Tech-based business is 24/7, global and borderless, always exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

  • Specialist insurance for science and technology
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across US and UK
Photo from Science & Technology
Photo of Elaine Lamb

Elaine Lamb


Direct Dial: 646 583 1574


Twitter: @elamblaplaya

+1 646 665 7737
+44 (0) 20 3865 0149
+44 (0) 1223 200650