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Medical Device / Pharmaceutical Industry Support
 

 

 

  • The interactive voice response system you created for your customer’s clinical trial is programmed incorrectly, causing an incorrect sorting of clinical trial participants. This invalidates the trial data and the customer must re-do the trial at a significant additional cost to them.
  • An error in your compound screening software tool is identified by one of your customers, invalidating months of their work; the customer incurs significant additional costs to re-do their work.
  • After using your bioinformatics tool to analyze clinical trial results, your customer discovers an error in the tool and incurs substantial additional costs to re-do their reports for submission to the regulatory authorities.

Driving innovation is one of the ways healthcare information technology (HIT) companies are transforming the delivery of healthcare. Your products and services are geared towards supporting medical device manufacturers and/or the pharmaceutical industry, and you are exposed to a myriad of risks that require innovative integrated solutions.

With Chubb, one integrated insurance program can respond to multiple allegations including Economic Injury, Bodily Injury and Violation of Privacy Claims, worldwide. In your business a single event could trigger claims involving multiple types of insurance, so having one insurer address these claims is a distinctive benefit with Chubb. Further, liability claims involving products used in a healthcare setting can be much different than traditional general liability claims. We’ve recognized that and have integrated our specialized claim adjusters into the team of 300 people in underwriting, loss control and claims for the technology and life sciences industries worldwide.

Integrity+ Product Highlights

  • Integrity+ offers important financial protection through a single, blended insurance policy that addresses potentially costly economic injuries:
  • Product or Service Financial Injury (Errors & Omissions)
    • Financial injury arising from defects, deficiencies or failure to perform pursuant to a performance contract
  • Technology-Related Injury (Intellectual Property, Privacy and Media)
    • Infringement of intellectual property
    • Violation of a person’s right of privacy and publicity
    • False arrest, false detention, or malicious prosecution
    • Libel, slander and product disparagement
    • No internet or media-type business exclusions
  • Privacy Remediation Expense
    • Reimbursement of expenses incurred to comply with the myriad state, federal and foreign laws notifying customers of a privacy data breach

 

Extended General Liability Product Highlights

  • General and Products liability insurance
    • Bodily Injury due to defective software or information unavailable at the point of care
    • Injury arising from the rendering of professional services in connection with that software or information
    • "Blanket" additional insured – additional insured status is now granted automatically where required by contract, making it easier for you to do business with certain partners

Other Product Highlights

  • Other insurances that may be integrated into your insurance program include property and business income, internet/media liability, commercial auto, workers compensation and excess/umbrella. In addition, multinational insurance expands your domestic property and liability insurance worldwide.

 

Think INTEGRATION. Think Chubb.


Learn more about:

    • Chubb's products - Please contact your insurance agent or broker; use our Find an Agent tool to locate an agent or broker near you.
    • Claims - Please go to Chubb's Claims Services.
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