Medical Device companies operate in a highly complex and litigious field. They are exposed to unique risks all along their chain of business, from research to development and medical trials, to the final stage of bringing their products to market. Our policy provides a wide and modular cover, with additional supplements and global jurisdiction available upon request.
Cyber and Privacy Cover
Our comprehensive cover takes into account the risks faced by modern businesses by providing protection against a wide variety of cyber attacks and data loss scenarios. It extends to loss or breach of data held in a cloud as well as hack attack on third parties emanating from your computers systems.
We agree to pay sums which you become legally obliged to pay as a result of a claim made against you arising out of bodily injury to a research subject. This also includes ancillary costs and expenses in relation to a claim resulting from a medical trial.
Public liability cover
Public liability is absolutely key to any business in their dealings with clients and members of the public. Our cover protects you against legal expenses and compensation claims by external individuals and it integral to your operations.
A more traditional cover but absolutely essential for anyone employing staff to assist with their business operations. It protects against the cost of claims arising from employee illness or injury as a result of their work for you.
It’s not always possible to foresee where the next business interruption comes from, so our innovative cover is offered on a “flexible first loss” basis, which means whatever type of business interruption loss is suffered, only one sum insured needs to be purchased.
We recognise the complex contractual landscape in which today’s professionals work. That’s why we provide cover for costs and expenses incurred in your defence in case you are accused of providing inadequate services to a contracted client.
Additional cover supplements
Cover for contamination, machinery breakdown, spoilage of perishable stock and ideologically motivated attack are all available on request. Our diverse product recall policy can protect against a wide range of potential product issues.
Intellectual property rights infringement
Our policy covers costs associated with patent infringement claims being brought against you, including legal costs, damages, settlements and counterclaims.