Why do I need Medical device insurance?
Why do I need Medical device insurance?
Medical Device Insurance provides cover for companies that develop, manufacture and distribute medical devices and equipment, including start-ups and R&D companies.
- Product liability insurance is vital for any medical device company. And it’s a contractual requirement if you supply medical devices or equipment to the NHS.
- While some insurance brokers steer clear of the medical device sector, Burke Insurances Ltd have embraced this area and we work with the best insurers to provide comprehensive policies at the lowest possible cost.
How does it protect me?
- Products liability – the cover provides protection against the risk of medical devices or equipment failing, injuring someone or damaging property.
- Professional indemnity– this is to cover you for claims made against your company for negligence, a breach of contract and general errors or omissions
- Employer’s and public liability – covers compensation claims made by employees or members of the public for injuries, illnesses or damage to property; a specialist policy can also cover claims made by people taking part in clinical trials
- Business interruption – flexible cover that can include a loss of profit or R&D funding if you’re unable to continue working at full capacity
How do I get a quote for medical device insurance?
Contact our medical device Insurance team today on 091 563518 we will do our best to answer any of your queries and obtain a competitive quote. We will work closely with you to identify your insurance needs and wants.
