Do medical malpractice insurance policies cover medtech or healthtech businesses?

The cover provided by standard medical malpractice policies often exclude tech-based or telemedicine companies as it’s outside of their usual risk appetite. If your business operates in the high-tech medical device sector, you should consider specialist, bespoke insurance solutions.

Can I insure against the cost of data breach fines?

Yes, where permissible at law. Cyber risks are highly complicated in the science and technology arena and risk management alongside the right cyber insurance solution is key.

We’re going global – can cover be provided outside of the UK?

We’re here to help science and technology-based clients from start-up to those expanding across the global. If you have patients or employees working outside of the UK you need to make sure your insurance is fit for purpose. As a specialist with international capability, we understand the complex risks, tangible and intangible, associated with medtech and healthtech companies.

MedTech Insurance

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Connect to a specialist

Insurance for MedTech businesses is highly specialist, and the right advice can really make a difference. Advances in medical technology have accelerated over recent years, changing the way patients are treated. From remote patient monitoring, wearable medtech devices and interactive telemedicine services, MedTech insurance needs to keep pace with the evolving risks. Does yours?

Who we support

Medical technology
Medical devices
Healthcare IT
Medical robotics
Artificial intelligence
Telehealth / telemedicine
Lifestyle & wellness app developers

Why us?

Our clients are telling us

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Managing cyber risk in life science and health tech when insurance is hard to get

We are specialists in medical device insurance...

Through our collective experience, we’ve observed many of the best and worst practices in the insurance advisory market. We’re here to challenge the status quo and aim to establish a new level of service. We’re combining the best traditions of technical advice and client centricity, with modern thinking and smart use of systems and technology to enhance the client experience and create a dynamic workplace for our team.

Challenges in your industry

Advances in medical technology are bringing more and more devices to everyday life, helping people manage health conditions such as diabetes. But what if the device fails and leads to the wrong level of drugs being taken?

How we support

Partners& works with cutting-edge innovators across e-health, telemedicine, next-generation health apps, remote patient monitoring tools (for care homes and domestic settings), artificial intelligence, ePharmacies and bespoke medical records software.

Your business performs

Our expert science & technology team can help you protect your business with smart, flexible, high-performance insurance – with a friendly human approach. We understand the risks and pressures you face and we’ll support you with great advice, helping you make the right decisions for your business.

We’ll act as your advocate – negotiating terms, cover and claims with our panel of specialist underwriters.

Why do you need specialist medtech insurance?

Medtech businesses bridge both the healthcare and technology sectors, so are open to a wide range of emerging and traditional risks.

With services including virtual GPs, remote patient monitoring, AI-assisted diagnostics and personal medical devices to monitor conditions such as diabetes, if something goes wrong, the impact could be severe. And with the complexities involved, an insurance claim can often cross barriers between multiple areas – medical malpractice, product liability, cyber (if tech fails as a result of a cyber incident) and product liability.

So how do you make sure your business doesn’t fall through the gaps in cover?

The answer to such a complex scenario is simple – you need insurance designed specifically for your business.

We’ll act as your advocate – negotiating terms, cover and claims with our panel of specialist underwriters.

Our eco-system

Who we support

Medical technology
Medical devices
Healthcare IT
Medical robotics
Artificial intelligence
Telehealth/telemedicine
Lifestyle & wellness app developers

What does MedTech insurance include?

MedTech insurance policies combine the cover your business needs, tailored to meet the specific risks you face. Often, these cannot be covered by standard, off-the shelf, business insurance policies.

Our specialist insurance solutions for MedTech businesses will usually include:

Medical malpractice

If a problem arises from technology-based medical devices, treatments or diagnostic equipment, you could face a medical malpractice claim. For a MedTech company, claims are likely to made directly to your business rather than an individual health professional.

Technology E&O

Technology E&O provides cover for the supply, development, installation and maintenance of technology in healthcare delivery, as well as for breach of contract.

Cyber insurance

Cyber and privacy insurance tailored for MedTech companies including protection against the costs of extortion, fines and penalties, and initial breach response services.

Intellectual Property (IP)

If you operate in the MedTech or digital health industry, one of the most valuable assets your business is likely to hold is your IP. Therefore, it’s vital that you have the right insurance place to protect it.

Product liability

If you manufacture or sell a medical device, diagnostic product or equipment you’re at risk of a compensation claim if the product causes damage or illness. Product liability insurance provides cover to protect against claims for personal injury or property/equipment damage arising from products sold by your business.