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Comprehensive insurance cover designed for the unique challenges faced by the biomedical and life sciences industry.
From medical products and cosmetics through to vitamins and supplements, we understand the specialist needs of the UK biomedical and life sciences industry, with a range of risks facing those that develop, manufacture and distribute these products. These complex risks include new medicines, implantable medical devices of US exports and increased demand for alternative therapies with new entrants challenging established markets and demanding a progressive approach to insurance.
Markel understands these challenges and we can design an insurance solution to suit an organisation’s needs.
Dedicated organisations need a dedicated insurance solution to match
Markel UK offers a comprehensive specialist product that meets the commercial insurance needs of biomedical and life sciences companies operating in the UK and distributing worldwide.
Markel UK offers a comprehensive specialist product that meets the commercial insurance needs of biomedical and life sciences companies operating in the UK and distributing worldwide. Clients also have access to additional services to help navigate everyday challenges and growth opportunities. Depending on your coverage, you can opt in for additional services you need.
Manufacturers, wholesalers, distributors, designers, service, research and development, and maintenance in the following areas:
- Medical devices (Class I, IIa, IIb and III)
- Medicines (Prescription Only, Pharmacy, General Sale List)
- Herbal remedies
- Homeopathic remedies
- Biotechnology
- Cosmetics / Cosmetic devices
- Perfumes and fragrancies
- Vitamins, minerals and food supplements
Cover for the technology sector includes:
Legal liabilities
Public liability, products liability (bodily injury and property damage), professional liability and products liability (financial loss), employers’ liability, cyber and data risks*, management risks (entity defence, directors’ and officers’ liability) and employment law protection*
Protection of assets
Property damage, business interruption, damage to portable property, money/personal assault, transit, cyber and data risks* and fidelity*
Extension to property/business interruption cover
Deviations in controlled environments, contamination, machinery breakdown, public utilities, denial of access, restrictions on premises and customers/suppliers
*Available as stand alone product.
Key products sold on a standalone basis to this industry:
MarkelTech
Integrated insurance and business support for technology, biomedical and life sciences companies.
Legal expenses insurance
LEI that’s delivered by trusted legal experts. In addition to our advice services, our in-house law firm provides specialist expertise when the unexpected happens.
Let's talk
Does your existing insurer provide market-leading solutions for UK SMEs?
Additional services*
Additional services available depend on the terms of the policy and may be included as standard or available to purchase for an additional cost. Please refer to any policy documentation and communications from the insurer or broker for confirmation and access information.
Business and legal helpline
Debt recovery service
Business Hub
R&D tax relief consultancy
*Please refer to your policy for exact services included. Learn more.
Featured product
MarkelTech
MarkelTech has been specifically designed for companies that innovate, design, develop, manufacture, supply, or support technology products or services. This specialist insurance package is for start-up, emerging and established SME companies in the technology, IT and communications and biomedical and life sciences space.
Case studies
Insights and resources
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Find out more
Access proposal forms to request a quote or view technical documents related to our products or services.
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Services
From our 24/7 business and legal helpline, to our R&D tax relief consultancy, our customers have access to our legal and tax services, providing a complete solution for their wider business needs and goals.
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Our claims service
We aim to settle claims as efficiently as possible so our policyholders can get on with their lives.