MedTech insurance

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What is MedTech Insurance?

MedTech Insurance, also known as Medical Technology Insurance, is designed for businesses involved in developing, manufacturing, supplying and supporting medical devices, healthcare technologies, diagnostic equipment and digital health solutions.

It provides specialist protection against risks associated with medical technology innovation, including product liability, professional negligence, clinical research, cyber threats, equipment damage and business interruption.

Whether you’re a MedTech startup, medical device manufacturer, diagnostic technology provider or established medical technology company, Sutcliffe & Co Insurance Brokers can help you explore suitable insurance solutions to protect your business, products and operations.

A tailored MedTech Insurance policy with Sutcliffe & Co Insurance Brokers can help protect your business against financial losses, legal claims, product defects, technology failures and operational disruption.

What should my MedTech insurance cover?

Many policies can be extended to include a range of benefits such as:

Frequently asked questions

What does MedTech Insurance usually include?
MedTech Insurance can include a range of specialist covers designed to protect medical technology businesses against risks associated with product development, manufacturing, clinical applications and healthcare technology services.
Product liability: Protection against certain claims arising from injury or property damage caused by defective medical devices, diagnostic equipment or other medical technology products.
Professional indemnity: Cover for certain claims involving professional negligence, errors or omissions in medical technology services, consultancy, software development or technical advice.
Public liability: Protection against eligible claims involving third-party injury or property damage arising from business activities.
Clinical trials insurance: Cover for specified liabilities associated with clinical investigations, medical device trials and research activities, where applicable.
Cyber insurance: Protection against specified cyber incidents, data breaches, ransomware attacks and associated recovery costs, particularly relevant to businesses handling sensitive patient information.
Product recall: Cover for certain costs associated with recalling defective or potentially unsafe medical devices and products, where specifically insured.
Property damage: Protection for insured business premises, specialist manufacturing equipment, laboratory facilities and other physical business assets.
Business interruption: Cover for certain financial losses and additional operating costs following an insured event that disrupts business activities.
Employers’ liability: Protection against eligible claims arising from employee injury or illness in connection with their work.
The availability and extent of cover will depend on the policy terms, conditions, limits and exclusions.
Who might need MedTech Insurance?
Specialist Medical Technology Insurance may be suitable for a wide range of UK businesses involved in healthcare innovation, medical device development and technology-driven medical services, including:
Medical device manufacturers – Businesses designing, producing and distributing medical devices, surgical instruments, implants and specialist healthcare equipment.
MedTech startups – Emerging medical technology companies developing innovative healthcare products, diagnostic solutions and medical devices.
Digital health companies – Businesses developing digital healthcare platforms, remote patient monitoring systems, connected medical devices and healthcare technology applications.
Diagnostic technology providers – Companies manufacturing or supplying diagnostic equipment, laboratory testing technology, medical imaging systems and diagnostic devices.
Wearable medical technology businesses – Organisations developing wearable medical devices, health monitoring equipment and connected healthcare technology.
Medical equipment suppliers – Companies distributing, installing, maintaining or servicing medical equipment and specialist healthcare technology.
Medical technology research businesses – Organisations involved in medical device research, product testing, clinical investigations and the development of healthcare innovations.
Healthcare robotics companies – Businesses developing robotic surgical equipment, rehabilitation technology and automated healthcare systems.
Whether you’re developing a new medical device, manufacturing specialist healthcare equipment or providing innovative digital health solutions, Sutcliffe & Co’s MedTech Insurance can help address the risks associated with your operations.
Why is specialist MedTech Insurance important?
The medical technology industry operates in a highly specialised environment where product safety, patient wellbeing, regulatory compliance and technological innovation are closely connected.
Medical devices, diagnostic systems and healthcare technologies can present complex risks, particularly where products are used in clinical settings or directly affect patient care.
Standard business insurance may not adequately address the exposures associated with medical device manufacturing, product defects, clinical investigations and healthcare technology services.
Arranging suitable MedTech Insurance can help businesses with a range of cover to protect against potentially costly product liability and professional negligence claims to manage certain financial risks associated with defective medical devices and product recalls.
How do I get a quote for medtech insurance online?
At Sutcliffe & Co Insurance, we understand that medical technology businesses can face complex and evolving risks throughout product development, manufacturing, distribution, and commercialisation.
Insurance requirements can change as a business progresses from an early-stage MedTech startup through to an established medical device manufacturer or international healthcare technology provider.
We can help you review your insurance requirements and explore specialist cover appropriate to your products, business activities, research operations and potential liabilities.
Looking for MedTech Insurance in the UK?
How much does MedTech Insurance cost?
The cost of MedTech Insurance will depend on several factors, including the type of medical devices or technology you develop, manufacture or supply, your annual turnover, business size, claims history and the level of cover required.
Other considerations may include the intended use and risk classification of your products, whether they are used directly in patient care, your geographical markets and any clinical investigation activities.
Please get in touch or complete an enquiry form to discuss your MedTech Insurance requirements and obtain a tailored quotation.

MedTech insurance

Your business is important, let us help you protect it

What is MedTech Insurance?

What should my MedTech insurance cover?

Product liability

Professional indemnity

Public liability

Cyber insurance

Product recall

Business interruption

Employers' liability

Frequently asked questions

What would you like to do?

Request a quote

Make a claim

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