Is there a need to take out a Finnish pharmaceutical insurance if the company already has an international product liability insurance?


It would be worth while for your company to join the Finnish Co-operative for Pharmaceutical Injury Indemnities since the Finnish pharmaceutical insurance provides the injured with far more comprehensive coverage than is the case with product liability. Any product liability insurance only covers injuries caused by faulty products or user instructions whereas a medicines-related injury is a personal injury and thereby the respective insurance indemnifies the unexpected adverse effects caused by the medicine. A medicines-related injury does not require any fault in the medicine or user instructions.