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Medical Device Companies
 

 


  • A salesperson in the operating room provides inappropriate advice to the physician using your implantable medical device
  • Your property is over-radiated on the premises of a third party sterilization facility.
  • After you recall a product, your current insurer non-renews your claims made product liability insurance.
  • You are sued for bodily injury arising out of exposure to a medical device sold by a company two years before you acquired them.

As a medical device manufacturer, you face these and other complex risks every day – and, with advances in technology, you’ll face others that have yet to emerge. Customarq for Life Sciences offers a myriad of innovative insurance products tailored specifically for medical device companies.

Chubb is a proven leader in insurance programs for Medical Device companies worldwide. Since 1995 we have had a dedicated team of underwriting, loss control and claim staff focused on your fast paced industry. Over 200 employees spread throughout Chubb’s global branch network serve Life Sciences companies full-time.  Our knowledge and experience manifests itself in our flexibility and responsiveness. Our products and services have earned us the endorsement of the Medical Device Manufacturer’s Association, MDMA.

Policy Highlights

  • Extended General Liability insurance eliminates certain “end of policy period” restrictions for injury or damage. For a company like yours where there can be potentially long time frames between when a product is developed, when it caused injury, when you knew about the injury, and when an insurance claim is filed, this provides significantly broader insurance, and peace of mind.
  • Unlike most insurance company policies, Chubb’s business income insurance responds until you have an operational restoration of your business - even if the delay is lengthened beyond the period property is restored due to FDA recertification times.
  • Blanket clinical trial insurance protects you from inadvertent insurance gaps from a failure to report.
  • Errors and omissions (financial/economic injury), intellectual property infringement liability, media liability, privacy liability and privacy remediation expense are addressed via Integrity+ by Chubb, a single, blended liability policy that helps minimize critical insurance gaps.
  • Customarq Global Extension expands your domestic property and liability insurance worldwide. Broad difference in conditions insurance from local contracts and admitted underlying insurance policies in foreign countries where required. You benefit from a coordinated approach and dependable quality from Chubb’s multinational infrastructure.

Think LEADERSHIP. Think Chubb.


Additional Information

 

 

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.
  • Chubb's press releases, awards, advertising and more - Please go to About Chubb.