Biomedical & life science

Comprehensive insurance cover designed for the unique challenges faced by the biomedical and life sciences industry.

From low-risk product manufacturers, through to higher risk products, we understand the UK industry is specialist and innovative, with a range of risks facing those that develop, manufacture and distribute products.

That’s why Markel UK’s comprehensive coverage fully meets the insurance needs of those within this dynamic sector.

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:

  • Software and applications
  • Computers and peripherals
  • Media communications
  • Cosmetics/cosmetic devices
  • Medical devices
  • Wearable technology
  • Analytical and control components
  • Telecommunications
  • Medicines
  • Food supplements
  • Outsourcing partners (CROs/CMOs)
  • Lifestyle technology

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

Key products sold on a standalone basis to this industry:

Cyber

Cyber risks cover designed to protect against both liabilities and the policyholder’s own losses, including legal, IT security and regulatory costs.

MarkelTech

Integrated insurance and business support for technology, biomedical and life sciences companies.

Legal expenses insurance

Legal expenses insurance delivered by trusted legal experts.

Additional services*

Clients also have access to additional services to help policyholders navigate everyday challenges. Depending on your coverage, you can opt in or add services you need for an additional cost.
casualty
Business and legal helpline

Markel UK’s in-house team of lawyers offers advice on everyday legal and employment matters such as GDPR and disclosure, contractual queries and employment disciplinary.

medical services
Debt recovery service

Get access to legal advice and assistance to recover outstanding debt and combat professional negligence counter claims. Legal representation is also provided if the case goes to court.

claim report
Law Hub

An online hub containing 850+ DIY contracts, policies, forms, and letter templates, covering every area of business, including health and safety, trading and contracts, and cyber and data.

training
R&D tax relief consultancy

Our specialist in-house R&D division can help assess past, present and future R&D activity to maximise tax relief opportunities.

*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