What we offer
WellTech™ is a unique, holistic, flexible risk protection package that combines products/completed operations and tech liability, healthcare professional liability, tech error & omissions, general liability, and cyber liability coverages, that is easy to work with.
Just one policy to endorse and renew to provide integrated, tailored coverage for growing life sciences businesses. WellTech™ is a modular policy, which will provide flexible and broad coverage that meets the needs of the life sciences technology
- Products/completed operations and tech liability - with affirmative bodily injury and property damage coverage for tech products and tech services
- Healthcare professional liability - coverage for bodily injury claims resulting from care and treatment of a person
- General liability - bodily injury or property damage as a result of an event
- Life sciences tech error and omissions - third party financial injury
- Cyber liability and Beazley Breach Response - coverage and comprehensive services to protect against a broad range of cyber threats
- Media Liability - personal injury/advertising injury in as it relates to media activities, professional services, and tech services.
Up to US $20,000,000
How can we help
Life sciences companies are investing more in technologies that bring value-based services and products to patients, providers, and regulatory bodies. These services and products inherently have unique tech exposures that most insurance markets may not currently address on a single platform.
From an insurance perspective, it can be hard to connect the dots between the multiple lines of coverage that life sciences businesses require and the carriers that provide them. The pitfalls of this situation are clear – patchwork solutions can lead to gaps in cover and make claims handling, coordination and renewals very complex.
WellTech's flexible risk protection package is easy to work with, offering just one policy to endorse and renew that provides integrated, tailored coverage for growing life sciences businesses.
Who we can help
- Medical devices
- Sponsors of human clinical trials
- Site management organizations
- Academic research institutions
- Contract research organizations
- Contract manufacturing organizations
- Nutraceuticals/Dietary supplements
- Wholesale and retail distribution
- Blood and tissue banks
- Lab/Diagnostics services
Where Is This Offered?
The Beazley Difference
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
STRIVING FOR BETTER
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
DOING THE RIGHT THING
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.