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Technology insurance — Medical technology insurance

Innovation brings success — but also greater risks.

Medical technology companies are constantly innovating to deliver products that provide solutions for patients. On the cutting edge of progress, successful companies write their own prescription for success. When companies are out on the frontier of innovation, however, they run a risk that something will go wrong.

With our extensive knowledge and years of insuring medical technology businesses, Travelers has stayed in-step with the needs of this growing industry. We have industry-specific coverages and services that span the lifecycle of product development from R&D to clinical trials to production or distribution. And we work with a multitude of customers ranging in size and specialization, from start-ups to well-established companies.

At Travelers, going above and beyond traditional coverage is just part of our commitment to the medical technology industry. Learn about MedFirst®, our innovative liability coverage package for medical technology companies.

New medical devices can have side effects: risks. Travelers is open to emerging, unusual, and complex technology risks. See how we offer deep industry expertise and a broad range of insurance solutions tailored to the medical technology industry.

Travelers provides industry-specific coverage solutions

Medical technology companies have access to a full range of insurance products.

  • General Liability
  • Product Liability
  • Technology Errors & Omissions
  • Information Security Liability
  • Global
  • Auto
  • Worker's Compensation
  • Umbrella and Excess
  • Property
  • Inland Marine
  • Boiler & Machinery

We insure a wide variety of medical technology companies

Travelers underwrites the following types of companies plus many more:

  • Medical, surgical and diagnostic instruments
  • Medical supplies
  • Laboratory apparatus and instruments
  • Implants
  • Medical distributors
  • Diagnostic test kits and reagents
  • Analytical instruments
  • Monitoring equipment
  • Dental and orthodontic instruments and technologies
  • Veterinary instruments and technologies
  • Research and development companies
  • X-Ray, ultrasound, MRI
  • Research institutes
  • Research laboratories
  • Telemedicine
  • Electronic medical records software developers
  • Contract research organizations
  • Healthcare and medical software developers
  • Healthcare IT

More than just a policy - Travelers services for medical technology companies

Travelers is committed to bringing the same innovation and dedication to our work that medical technology companies demonstrate in their drive for success.

Our underwriters......are dedicated to the medical technology industry - it is the only business they underwrite. They are well informed about evolving legal and business issues and use this information to develop competitive insurance programs.

Our risk control professionals......know your industry. They are skilled at identifying risks and helping medical technology companies develop controls to minimize the potential for loss or injury.

Our medical technology claim specialists......manage claims with a blend of skill, tenacity and compassion. With our knowledge and experience, we can quickly analyze situations, make strategic decisions, and decisively handle claims at every step of the process. Attorneys and professionals are on staff who focus only on medical technology companies, specializing in the industry's challenges and issues.

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