Medical Technology and Life Sciences Program
What is a Medical Device: is an instrument, apparatus, implant, in vitro reagent, or similar or related article that is used to diagnose, prevent, or treat disease or other conditions, and does not achieve its purposes through chemical action within or on the body (which would make it a drug).
ISU Insurance Services of Irvine, has expert insurance knowledge in helping Medical Technology and Life Science businesses with their insurance needs. We can help you with Class I, Class II- General Controls and Specific Controls, Class III- Specific Controls and High Hazard materials.
Including the basic property, general liability, business auto & workers compensation coverage, we can write all lines of coverage. However, this industry has some very specific needs when it comes to coverage.
-Management Liability for Directors and Officer and Employment Practices Liability
-Information Security Breach Notification and Cyber data breach
-Errors and Omissions Liability for faulty products or error/omission/negligent act
-Fidelity, Crime and Fiduciary exposures
Product Liability- Bodily Injury or Property Damage from your product, including clinical trials
Product Recall & Crises Management mitigation
ISU Insurance Services of Irvine can help you define and customize your Medical Technology and Life Science business to your specific needs.
Please contact Greg X 2150 or Ron x 2110 to discuss insurance solutions for your Medical Technology business.