MedTech Insurance
MedTech Insurance
MedTech Insurance is specific to the Medical Technology Sector. It provides Insurance solutions to protect against liabilities that may arise on healthcare platforms. As an innovative sector that is constantly evolving, it is critical to have Medical Technology Insurance in place to protect your business and its future growth.
What Is Medical Technology (MedTech)?
At the forefront of innovation, Medical Technology (MedTech) companies are dedicated to revolutionising patient care by introducing groundbreaking products. With expertise in biotechnology, pharmaceuticals, information technology, and the development of advanced medical devices and equipment, MedTech companies are tirelessly work towards improving the well-being of individuals worldwide.
Insurance for MedTech Companies
In the realm of medical technology, companies often grapple with risks that conventional insurance policies struggle to address, from holding sensitive data, meeting contractual requirements, the risk of bodily injury and protecting your IP.
When dealing with numerous policies, strategy and alignment are key factors to ensuring that your program is well-designed to help avoid gaps and overlaps.
Our team of specialists are here to help build a bespoke program around your needs and future goals whether it be as a new venture or review of your existing cover.
MedTech Insurance Solutions
We welcome discussing your MedTech requirements as no two covers are the same and certainly not an ‘off the shelf’ solution. Our expertise in the sector places us with in depth knowledge and understanding of the risks you face daily. We have the markets and specialist brokers to protect your business and the risks you face, including:
- Medical Malpractice
- Professional Indemnity MedTech Firms
- Cyber Insurance and Crime
- IP Infringement Insurance
- Employers’ Liability and General Liability
- Products Liability for Manufacturers and Resellers
Can I get MedTech Insurance Cover for the USA?
We can offer MedTech Insurance for the USA and Canada subject to the parent company being UK based. If you have subsidiary company in the US or Canada we can help. Speak with a member of our technology team for further details.
Why Choose Konsileo for your MedTech Insurance?
As specialist Technology brokers we are well placed to ensure you have appropriate covers to protect your Medical Technology business. Our dedicated team have access to markets that offer complete protection covering all risks you face daily.
Call us today and speak with one of our specialist MedTech brokers.
Konsileo is a Gold partner of Sci-Tech Daresbury
Frequently asked questions
Medtech Insurance is suitable for medical device manufacturers, health technology companies, digital health providers, diagnostics businesses, healthcare software developers, wearable technology companies, laboratory equipment suppliers and life sciences organisations.
A Medtech Insurance policy can include Professional Indemnity Insurance, Product Liability Insurance, Public Liability Insurance, Employers' Liability Insurance, Cyber Insurance, Product Recall cover, Directors' and Officers' (D&O) Insurance and Business Interruption Insurance.
Yes. Policies can protect medical devices, laboratory equipment, diagnostic systems, manufacturing equipment and business assets against insured risks such as fire, theft, accidental damage and equipment breakdown, depending on the cover selected.
Premiums are influenced by factors such as the type of medical technology developed, annual turnover, product risk, regulatory requirements, clinical activities, claims history, cyber security measures and the level of insurance required.