Products Liability for Medical Device Companies

Insuring Products for Your Medical Device Company

We provide insurance protection to manufacturers (including contract and component) and distributors of medical devices that have been reviewed by the Food and Drug Administration (FDA), the European Medicines Agency (EMA ), or other global regulatory bodies.  

What additional insurance coverage is needed for your medical device company?

Products-Completed Operations Liability Policy. This coverage was developed to respond to claims associated with bodily injury or property damage by third parties for work performed and for products sold and delivered. This coverage applies when the provider has completed the work and/or the product is no longer in the possession of those who handled it in the chain of commerce, such as the manufacturer, wholesaler, and retailer.

Errors and Omissions Policy. This coverage is triggered with a “Wrongful Act” which is a negligent act, error or omission in your work in the manufacture, design, production, processing, installation, preparation, assembly, blending, missing, distribution, packaging, labeling, crafting of instructions for use, or storage (while in the care or custody of and insured) of your product, or wrongful results of research.

*In the event any of the information presented conflicts with the terms and conditions of any policy of insurance offered by Medmarc Insurance Group, the terms and conditions of the actual policy will apply. 

Who needs medical device products liability insurance coverage?

Medical device companies that distribute, develop, or manufacture products for the following industries:

 

  • Anesthesiology and Respiratory
  • Cardiovascular
  • Clinical Chemistry and
        Clinical Toxicology
  • Durable Medical Equipment
  • Dental
  • Ear, Nose, and Throat
  • Gastroenterology and 
        Urology
  • General and Plastic Surgery
        (Not Cosmetic)
  • Operating Room
        Supplies
  • Surgical Tools
  •  

  • General Hospital
  • Drug Delivery Systems
  • Syringes and Specialty
        Needles
  • General Disposables
  • Hematology and Pathology
  • Immunology and Microbiology
  • Neurology
  • Obstetrical and Gynecological
  • Ophthalmic
  • Orthopedic
  • Physical Medicine
  • Radiology
  • Full list of eligible products can be found here

    Additional Resources:

    Review our extensive Resource Library for Medical Device Companies to learn more how to mitigate risk as it pertains to your products and your work around the world.

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