Medical Device
What does it cover?
The medical devices industry is fast growing, with a lot of new and innovative devices being invented. The number of lawsuits and claims has also increased in previous years due to malfunctioning devices. The medical device insurance covers businesses and organizations against:
- Legal costs
- Allegations made against malfunctioning devices
- Compensation
- Medical costs of the patients who suffered bodily harm
- Invasive and Implantable products
- Loss of income and/or costs incurred arising from confiscation of license
- Contamination and subsequent sterilisation costs
- Cover at collaborators’ and/or suppliers’ premises
- Loss of research and development income
- Clinical trials
- Medical Professional liability
- Professional liability
Who is it for?
The UK Medical Device industry is heavily regulated. The government aims to ensure patients’ and users’ safety. Hence, medical device companies need to have a policy cover to avoid the perils of patient safety and health concerns if the need arises. The medical device insurance policy is meant for the following service providers:
- Medical centres
- Medical devices manufacturers and distributors
- Clinics
- Cancer treatment centres
- Dialysis centres
- Laboratory facilities
Get Your Tailored Medical Device Insurance
Violet Insurance ensures you receive the bespoke insurance solution according to your business needs. Whether you are a non-profit, a public organization or a private limited company, we provide ample coverage and competitive prices on all our policies.
We offer a flexible policy that may fit any scale and size of the organization and protect you against medical device claims. Our policies are transparent, easy to access and customisable.
