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Claims

Manufacturers and distributors of medical products

Markel’s insurance has been specially designed to cover the risks faced by manufacturers and distributors of medicines, medical devices, laboratory
instruments and equipment, and ophthalmic products. 

The sector faces complex risks such as new medicines, implantable medical devices of US exports. Start-up companies need Director’s and Officer’s cover at a competitive premium to help get them off the ground.

Markel understands these challenges and we can design an insurance solution to suit an organisations needs.

Our underwriting appetite includes companies that provide supporting services to manufacturers or medical products.

More than just specialist insurance cover

Alongside insurance solutions, we can also assist your clients with tax and funding services such as R&D tax relief, tax funding and patent box through Markel Tax.

Scope of cover

Cover for the medical technology sector includes:

Legal liabilities

  • Public liability
  • Products liability
  • Professional Liability and Products Liability (financial loss)
  • Employers’ liability
  • Management risks - entity defence and directors’ and officers’ liability)

Protection of assets

  • Property damage
  • Business interruption
  • Damage to portable property
  • Money/personal assault
  • Transit

Extension to cover Property/ Business interruption 

  • Deviations in controlled environments
  • Contamination
  • Machinery breakdown
  • Public utilities
  • Denial of access
  • Restrictions on premises
  • Customers/suppliers
Risk appetite

Our risk appetite for the medical technology sector is broad and all risks are underwritten by our team of expert underwriters, some of whom have over 25 years of experience insuring these risks.

Manufacturers or wholesale distributors of:

  • Bedside monitors
  • Bioinformatics
  • Biological products
  • Contract manufacturing organisations (CMO)
  • Contract research organisations (CRO)
  • Cosmetic technology
  • Electromedical / electrotherapeutic implants
  • Electromedical / electrotherapeutic medical devices
  • Human and animal medicines
  • In-vitro diagnostics
  • Laboratory equipment and consumables
  • Medical and dental laboratories
  • Medical wearables
  • Medicinal and cosmetic active ingredients
  • Software (regulated as medical devices)
  • Surgical technology
  • Telemedicine/ telehealth / virtual health

Policyholder resources

To view additional services which may be available to you, visit the policyholder resources page.

Policyholder resources

Why choose Markel’s insurance for manufacturers and distributors of medical products?

  • Financial strength
We’re a Fortune 500 company, with strong financial ratings.
  • Specialist insurance
Our expert underwriters have developed a product with the specific needs of businesses in this sector in mind
  • Supporting UK businesses in this sector
We are dedicated to providing market-leading insurance solutions to UK businesses in this sector
  • Efficient claims settlement
Our claims handling has been voted by brokers as one of the best available today

Further information

Guide - FAQs Document Key facts Document Product information Document Proposal form Document Specimen wording Document

Rated by our customers

Markel has a maximum five-star rating for overall service experience across the entire insurance policy lifecycle.

Why should you choose Markel
“Comprehensive and unique insurance solutions which meet the demands and needs of specific clients, together with access to an unparalleled level of complementary support services.”
Luke Kinsey, Life Sciences Broker - Gallagher

Our commitment to brokers

Excellent service through our regional offices

Online transactional capability and broker portal

Marketing capabilities through Engine Room

Best-in-class support from our value-added services

Why Markel

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