The medical device industry is large, competitive and highly innovative. Even with the advances being made, concerns over a merger-dominated business climate, wrongful termination and retaliation lawsuits and skyrocketing jury awards take the focus away from what’s important – achieving your business goals.

What Monitor Offers

Executive Liability Insurance for Medical Device Companies

Our coverage addresses the business practice, management and employment-related risks unique to medical device businesses. Executive Liability Insurance for Medical Device Companies includes: Directors, Officers and Corporate Liability and Employment Practices Liability Insurance.

Eligible Businesses

  • Medical device-related businesses
  • With 1 to 500 employees
  • $25 million in assets

Optional Coverage Available By Endorsement

Directors, Officers and Corporate Liability

  • $25,000 costs of defense for intellectual property rights and/or copyright infringement claims
  • Costs of defense in addition to limit of liability

Employment Practices Liability

  • $100,000 costs of defense for claims alleging violation(s) of the Fair Labor Standards Act
  • Modified settlement clause (80%/20% coinsurance) and a 10% reduction in the deductible upon consent to settle
  • And much more

Don’t assume these risks are covered under your general liability policy. Contact your agent or broker and ask about Monitor’s coverage. Don't have an agent? Contact Us