Industry Solutions

Medical Device Manufacturing

Companies that manufacture medical devices, biotech research & development companies and pharmaceuticals manufacturers have special coverage needs - and need specialists with extensive knowledge and experience to meet them. That’s why companies in your industry turn to The Hartford and Medmarc for a comprehensive property and casualty solution. In addition to standard Property and Casualty coverage, The Hartford offers coverages which complement Medmarc’s Products and Clinical Trials Liability, including:

  • Product recall expense
  • Manufacturers’ errors and omissions liability
  • Management liability including directors and officers liability, employment practices liability, fiduciary, and kidnap and ransom coverages
  • International

The Hartford has also customized its Property Coverage to meet your needs. Below are some examples of our approach:

 

Property Coverage for Medical Device Manufacturers

What We Offer How You Will Benefit
Biological hazard waste and radioactive contamination clean up

A fire or other type of covered loss at one of your facilities may result in the accidental release of biological hazard waste or radioactive materials. Your Hartford policy may provide a specific limit of coverage to pay for the clean-up and removal of such materials at your designated premises.
Business income/extra expense With The Hartford, you get additional coverage for:
  • the costs associated with obtaining FDA recertification after a covered cause of loss (fire, etc.)
  • normal operating expenses for non-income producing research and development when operations are suspended because of a covered cause of loss
In addition, we’ve defined business income to include both research and development and milestone payments
Business personal property Our definition of business personal property includes:
  • Coverage for prototypes
  • Coverage for research animals


The suggestions and information contained herein are provided for informational purposes only and are not intended to be all inclusive. Please refer to the issued policy for specific details regarding coverages, conditions and exclusions. In the event of a conflict between the terms contained herein and the policy, the policy terms and conditions will prevail.

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Learn More About Hartfords Core Coverages

See the list of core insurance coverages available from The Hartford to meet your business insurance needs.