Medical Devices Insurance

Medical devices and equipment have evolved over the centuries. Fortunately, we have replaced leeches and unsanitized knives with MRI Scanners, Defibrillators, and Dialysis Machines. With the advancements of technology, equipment values have significantly increased. Industries that sell, service, install, or repair medical equipment have additional liability exposures - both for bodily injury and property damage claims.

Whether you work with Durable Medical Equipment or Class III Medical Equipment, Veracity has the insurance solutions for your industry.

Target Classes

• Anesthesia Equipment
• Bypass Equipment
• Catheterization Labs
• Diathermy Equipment
• Cobalt Therapy Unit
• CT Scanners
• Defibrillators
• Dialysis Equipment
• Electrophoretic Equipment
• Endoscopes
• Film Processing Equipment
• Life Support Ventilation Equipment
• Liver Accelerators
• MRI Scanners
• Neonatal Incubators & Warmers
• Ophthalmic Lasers
• Pacemakers
• Radiographic Equipment
• Sterilizer/ Washing Equipment
• Surgical Laser Equipment
• Surgical Tables/Lights
• Telemetry Equipment
• Therapeutic X-Ray Equipment
• Transcutaneous Electrical Nerve Stimulation Equipment

Program Highlights

• Minimum Premium - $1,000
• Occurrence & Claims-Made Forms
• No General Liability Deductible
• Additional Insured Endorsements Available
• Employee Benefits Liability Available
• Limited Professional Liability Included
• Hired/Non-Owned Auto Available
• Inland Marine Coverage Available
• Limits up to $5 Million Available

Submission Requirements

• Signed and dated Medical Device application
• Five year currently valued company loss runs
• Website information
• Copies of the following:
  • Labels
  • Advertising literature
  • Current Declarations Page

  Why Medical Devices Insurance?

  

  An Individual was injured by malfunctioning cardiac defibrillators and will claim shares of the $240 million fund as part of a 2008 nationwide settlement.

  Why Veracity?

  Veracity is committed to creating a positive experience for our customers and setting a higher standard on how business should be done. We value customer interaction, response and turnaround times, product knowledge, and compliance.

  Our experience with general and product liability insurance, excess & surplus lines, in-house underwriting, and exclusive programs gives you the competitive edge you need.

  Contact Info

  6:00am - 6:00pm MT | Mon - Fri

  Quick Links

  Product Liability Experts

  Exclusive programs with in-house underwriting and binding authority with A rated carriers

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  All policies have conditions, limitations and exclusions, please read the policy for exact verbiage. Claim scenario circumstances vary in nature and similar claims do not guarantee coverage.