Products Liability: Policy Highlights

Safeguard Your Business.  Medmarc’s products liability coverage form is designed to meet the needs of medical technology and life sciences companies and provides coverage features that will safeguard your balance sheet and reputation. 

  • Products Coverage.  Products-completed operations liability coverage is tailored to your business.  We cover a vast array of medical devices, in vitro diagnostic, biotechnology and pharmaceutical products. 

  • Clinical Trial Coverage.  Clinical trial coverage is automatically included under our policy, unless a foreign government authority mandates that coverage be written on local, admitted paper.

  • $10 Million Limits.  We offer limits from $1 million to $10 million.

  • Flexible Self-Insured Retentions (SIR).  We align your SIR and policy limits with your product exposure and financial capabilities. 

  • Aggregated Self-Insured Retentions.  Your SIR is aggregated, so that your maximum SIR costs are known at policy inception. 

  • First Dollar Claims Management.  When you report claims to us, you immediately receive our claims management services and gain access to specialized defense attorneys - you do not have to wait for legal and other claims-related expenses to consume your SIR. 

  • Extended Discovery Periods.  A basic extended discovery period for claims related to bodily injury or property damage is automatically provided without an additional charge and lasts for:

  • Six years for claims arising from occurrences reported to us not later than 90 days after the end of the policy period; or

  • Ninety days for claims arising from occurrences not previously reported to us.

  • A supplemental extended discovery period can be purchased for an additional charge.
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    This web page outlines in general terms the coverages that may be afforded under a Medmarc policy.  All policies must be examined carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage.  In the event of a conflict between the terms and conditions of the policy and the information presented on this web page, the terms and conditions of the policy prevail.  All Medmarc coverages described in this web page may be offered by one or more of the property and casualty insurance company subsidiaries of the Medmarc Insurance Group.