INSURANCE SOLUTIONS FOR MEDICAL TECHNOLOGY BUSINESSES
Why do you need specialist medical technology insurance?
Medical technology companies are at the frontier of innovation to deliver products that provide new solutions to patients. From biotechnology, pharmaceuticals, information technology to the development of medical devices and equipment, they contribute to improving people's health around the world. However with this, they run a risk something could go wrong.
- Medical malpractice protection
Due to the nature of the Medtech businesses and healthcare providers, you face risks that might involve AI diagnosis error, system outages or faulty devices. We’ll make sure you’re covered.
- Intellectual property (IP) infringement
IP is one of the main assets a Medtech business has, which is why it’s essential you have the correct cover in place to protect it.
- In-house claims team
If you do need to make a claim, we have a team of claims experts on hand to support you from start to finish.
How our technology insurance team can help medtech businesses
Our dedicated team of technology insurance specialists can arrange the right level of cover to meet your needs. Whether you’re looking for a new policy or to amend existing cover, we can help.
Join a family of Marsh Commercial technology clients
We work with over 2,500+ technology clients across the UK. Protecting start-ups through to market leaders. Be part of our family of technology insurance clients including:
- Application service providers
- Computer consultants and programmers
- Database administrators and system designers
- Hardware installation experts
- Integration and online security specialists
- IT consultants and project managers
- Software and website developers
What medical technology insurance does your business need?
Not sure what Medtech insurance you need? We’ll discuss your requirements before presenting a medical technology insurance solution that meets your complexities, but you may wish to consider:
Professional indemnity - covers the legal and compensation costs you may have to pay if a client makes a claim against you.
Public liability – covers you for the cost of a claim arising from a suffered injury or property damage caused by you or your employees.
Employers' liability (EL) – compulsory by law for most businesses, EL provides cover if a worker suffers an injury or an illness they believe is your fault.
Directors and officers – also known as management liability portfolio insurance (MLP), provides any director, partner or employee acting in a managerial capacity on behalf of the company cover for defence costs incurred during a claim and awards made against you personally.
Cyber liability insurance – protects your business from cyber-criminal activity such as hacking, and the legal and reputational fallout caused from a data breach.
Life Sciences Insurance
Life science companies are vulnerable to a number of unique liability exposures including research and development costs and product contamination. We can offer a life sciences insurance package tailored to suit your needs.
Specialist cyber insurance
Working in the medical technology industry means your business is more vulnerable to cyber-attacks. We can provide comprehensive cyber insurance that includes cover for your liabilities, costs and mitigating damage.
Read the latest technology articles
Sometimes businesses forget to protect their most valuable assets – intellectual property. We take a look at how intellectual property insurance can help protect your technology business in the long run.
Following the growth of premium-branded EVs, we round up the luxury automotive manufacturers and premium specialists to know about.