Many people think that since they are well-covered by life insurance and any other related product, they are safe. But this may not be exactly true in all of the cases. Some of the insurance coverage policies do not include any or all of the patient care costs that are so commonly associated with a paid clinical trial. This is due to the fact that these clinical trials are defined as “experimental” and “investigation” procedures by the insurance companies.

Some people also feel that their present insurance coverage may be denied if they undertake such trials. Thus, it is very important that you must consult and seek all type of information before you proceed with undertaking a clinical trial.

I suppose the company is liable for all kinds of liabilities?
No, that is not true in all the cases. The company conducting the trial may be covered by the insurance companies for general liability and not for any liability arising from clinical trials. Any company who is desirous of conducting such trials must purchase additional liability insurance that is specifically meant to cover the risks of clinical trials.

It is therefore, advisable that you must sign the trial contract after making sure the extent of liability of company and what would be your remedies and protection rights in case of any unforeseeable event.

Usually, the following costs are handled by the company conducting the trial:

• Test costs
• Drugs and procedures’ costs.
• Research costs
• Payment for extra visits made by the doctor

Many third-party companies or the sponsoring company usually provide a complete coverage to the participating volunteers with respect to clinical trials. But it is always advisable that these facts are checked. The non-coverage of health is the primary reason why people are reluctant to show up as volunteers, they do not want to appear as mere candidates for experimentation.

Nowadays, many states around the globe are passing legislation bills to secure the rights and insurance coverage to the clinical trial participants. This is indeed a good measure as that would enable the people to come up in good numbers for clinical trials. This would be a positive factor as far as the field of medicines is concerned, as many ailments which were previously left unattended due to the paucity of resources and treatment will no longer be dreaded diseases anymore.