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MedTech - our appetite

Medical technology companies are on the cutting edge of progress, constantly innovating to deliver products that help patients. This innovation generates risk, and we insure it. Travelers has extensive expertise in insuring medical technology businesses. We work with customers of all sizes and specialties, offering industry-specific coverages and services that span the lifecycle of product development.

Last updated 22 February 2024

Sectors we cover

We’re ready to insure these businesses.

  • Lab or Contract Research Organisations
  • Instrumentation
  • Surgical / Dental Equipment
  • In-Vitro Diagnostic kits
  • Optical instruments
  • Electromedical & Electrotherapeutics apparatus
  • Lab equipment
  • Ophthalmic Goods Manufacturing
  • Veterinary Products
  • GP, Hospital or Operating Theatre equipment
  • Life Science and Drug Discovery

Sectors we'll consider

We may be able to insure these businesses.

  • Digital health software / Medical software
  • Invasive but non implant such as needles
  • Woundcare

Sectors we do not cover

We are unable to insure these businesses.

  • Pharma unless property only
  • Permanent implants other than incidental exposures
  • Nanotechnology
  • Nutraceuticals
  • Cosmetics
  • Contact lenses
  • Radiation Therapy software
  • Clinical Trials

Let’s get specific. These are the kinds of detailed questions we will ask to better understand your client’s day-to-day operations.

Life Science
our tech appetite


Our comprehensive, flexible cover can be tailored to a medical technology client’s needs.


  • Warranty & Condition Precedent Free
  • One Package Policy with no gaps
  • Flexibility of approach
  • Access to HCL Technologies pre breach services
  • Access to post breach services
  • Access to Travelers eRisk Hub for claims examples and cyber training assessments

Professional Indemnity & Intellectual Property Rights

  • Civil Liability Wording
  • Written & Verbal Contracts Covered
  • Option of AOC or AGG basis
  • Option of a Costs in Addition or Costs Inclusive basis
  • Excess not Applicable to Defence Costs
  • Auto US Jurisdiction-PI & IPR
  • Third Party Fines Covered To PI Limit
  • Sub-Contractors Explicitly Covered
  • Auto Acquisitions
  • Auto Additional Insured cover
  • Liquidated damages are now included in the definition of ‘loss’
  • Awards Of Ombudsmen

Cyber business costs

  • Clear trigger language – arranged on a losses discovered basis
  • Extended discovery period of 90 days after cancellation

Breach Response

  • Privacy Breach Notification
  • Computer & Legal Experts
  • Betterment
  • Public Relations
  • Data Restoration
  • Cyber Extortion

Cyber Crime

  • Computer fraud
  • Funds transfer fraud
  • Telecommunications fraud
  • Social engineering fraud

Business Loss

  • Business Interruption including IT providers & outsource providers
  • Reputational harm
  • System failure
  • Damage to computer systems
  • Incompatibility of computer systems

Cyber Liability

  • Privacy Breach cover
  • Transmission of Computer Virus
  • Failure to comply with Data Protection Law
  • Invasion of Rights of Privacy or Publicity
  • Defamation, Libel & Slander
  • Liquidated damages included
  • Auto Acquisitions cover
  • Computer Systems includes personal devices when used for business


  • Bodily Injury & Property Damage arising from a service
  • Efficacy as standard
  • Automatically includes Additional Insured


  • Research & Development Property
  • Research & Development Data
  • Spoilage of R&D Property & Stock
  • Condemnation of undamaged property
  • Sudden & accidental contamination
  • Property in transit, including spoilage

Business Interruption

  • Bespoke cover options provided under a Flexible Limit of Loss (Continuing Expenses; Payment Pledges; Contractual Commitments; Historical Expenses; ICOW)
our tech appetite

Protecting the health of business

When innovation exposes a MedTech company to risks, these insurance protections keep them covered.

  • Property damage
  • Goods in transit
  • Money and personal accident (assault)
  • Business interruption
  • Terrorism
  • Cyber Business Costs (first party cyber)
  • Computer and Machinery Breakdown
  • Employers’ liability
  • Public and products liability
  • Product recall (costs only)
  • Professional indemnity
  • Intellectual Property Rights
  • Cyber Liability (third party cyber)
  • Legal expenses
  • Criminal protection response

Key documents

.zip file - 4.9 MB

Let’s start the right conversation

Tell us about your client.

For a Professional Indemnity or Cyber quote, download and complete a proposal form.
Alternatively, if you’re looking for a quote on any of our other tech
products please send us a submission form.

Download proposal form - UK Download proposal form - IE

Send your completed forms direct to our tech team.

Our underwriting team will review your submission and will be in touch within 4 hours.

Northern UK
Duncan Cowling
Southern UK
Neil Wilson & Olivia MacLennan
Frank Darcy
our tech appetiteSend documents

Travelers insights

Curated specifically for our broker partners and customers, The Knowledge provides access to bite-size content on trending topics that explore the role of technology, cyber, and its risks and opportunities.

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