Is the fact that a product is approved by the FDA sufficient enough information about the product to obtain a quote from Medmarc?
FDA approval of a product is important to the underwriting analysis, as is the regulatory history of the company, but it is not sufficient information for Medmarc’s underwriters to provide a coverage quote. In order to understand the company’s risk profile and coverage needs, underwriters also will require information about the company’s size, financial condition, management team, operations, loss history, and other information related to the company’s history and product lines.