Medical Technology Insurance | Technology Insurance

Medical Technology

We can help provide policies for a range of medical technology companies, from X-Ray scanning machines to operating theatre consumables.

What is Medical Technology Insurance?

There are fewer industries with more stringent regulations than those in place for medical technologies, meaning that the right advice and policy cover are critical.

We can help provide policies for a range of medical technology companies, from X-Ray scanning machines to operating theatre consumables.

The work you do is essential for your end user, meaning that issues within the supply chain, logistics and even cybercrime are just some of the areas that you may wish to consider accounting for within your programme.

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What does Medical Technology cover?

Cover can include:

Business Interruption Insurance

When damage or unforeseen events do occur the financial strain on your business can be significant. Damages caused by fire, flood and even accidental incidents can prove a basis for cover under business interruption insurance, our experts will work with you to understand the most likely risks and provide adequate coverage.

Business Travel and Personal Accident Insurance

Business travel and personal accident insurance can cover unexpected travel expenses, business equipment and medical expenses if you or an employee are permanently injured or killed in an accident.

Cyber Insurance

A cyber insurance policy helps pay for financial losses they may incur in the event of a cyberattack or data breach. It can cover costs related to the remediation process, such as paying for the investigation, crisis communication, legal services, and refunds to customers.

Directors’ and Officers’ Insurance

D&O insurance reimburses the defense costs incurred by board members, managers, and employees in defending against claims made by shareholders or third parties for alleged wrongdoing. D&O insurance also covers monetary damages, settlements, and awards resulting from such claims.

Employers’ Liability Insurance (EL insurance)

EL – is a legal requirement if you have any staff, full-time, part-time or contracted. EL insurance protects employers’ from compensation claims from their employees should a claim be made against them for loss or injury at work. Your policy must have a minimum of £5m cover, with £10m being the industry standard.

Product Liability Insurance

If products you use or recommend cause damage or harm, you can face claims for compensation. Product liability insurance will cover any pay-outs should a claim prove successful.

Professional Indemnity Insurance

Commonly known as PI insurance, offers financial protection should a client sue you if you give poor advice or do something that results in financial or reputational losses.

Why use Jensten

Dedicated

A dedicated team to Technology businesses

Trusted

We are the trusted broker to Technology businesses

Flexibility

Tailored insurance to the needs of your business

Talk to the experts

Our team of UK-based insurance experts are here to help, Monday – Friday, 9am – 5pm.

Online

Contact us on our website whenever suits you

Call our insurance experts during office hours (calls are charged at a local rate)

FAQs

Find answers to common insurance questions

Need Medical Technology?

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Medical Technology

It’s important for you to get the right medical technology insurance.  To help you do that, here are our medical technology insurance frequently asked questions.  We hope they are of use, but if you’d like some independent advice, please call us on 01455 220 787 and the team will be happy to help.

Getting a quote is easy.  You can call us on 01455 220 787 and the team will be happy to help you find the protection you need.  We work with a panel of different insurance companies and can help find the appropriate cover to suit your individual needs.

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