MD - Medical Devices

The manufacture and sale of medical devices is a huge responsibility with companies facing a complex set of risks such as injury to a user due to defective design or mislabelling of the product, or perhaps the potential for patent litigation. Our insurance policy provides clear coverage offering individual insuring clauses for the wide range of exposures these companies face, all in one comprehensive policy 


Coverage Highlights:

  • Products Liability
  • Errors & Omissions
  • General Liability
  • Transit of Stock
  • Business Interruption
  • Clinical Trials
  • Patent Defense
  • Worldwide Jurisdiction
  • Excess Capacity

Coverage Enhancements Available:

  • Cyber
  • Intellectual property including patent defense
  • Directors and officers
  • Legal expenses
  • Additional insureds for landlords / managers / lessors of premises / lessor of leased equipment
  • Vendors’ waiver of subrogation
  • Vendors as additional insureds
  • Trade show organisations as additional insureds
  • Primary non-contributory language with respect to additional insureds
  • Costs in Addition capped at 1,000,000 local currency  

What we like:

Companies importing, manufacturing or distributing the following:

  • Most products, both invasive and noninvasive, other than mesh, cosmetic devices, contraceptives or products used for reproductive use 

What we consider:

  • Orthopaedic implants other than hips
  • Infusion devices
  • Cochlear implants
  • Hypobaric chambers
  • Contract Manufacturing Organisations
  • Companies renting, servicing or maintaining medical equipment (capped at 50% of income)