Products Coverage Features - New Policy Form
Tailored to the Industry
Built specifically for medical technology and life sciences companies, Medmarc’s Products/Completed Operations Liability coverage is designed to protect organizations across the full product lifecycle—from clinical trials to global commercialization. Our new coverage form reflects decades of industry specialization and real‑world claims experience. The revised form reflects today’s life sciences risks with updated language, a modern structure, and meaningful coverage enhancements—while continuing Medmarc’s focus on specialized protection for life sciences organizations.
Who This Coverage Is Designed For
Companies of all sizes, from Human Clinical Trial stage and start‑ups to multinationals in the following areas: medical device manufacturers and distributors; pharmaceutical, biotechnology, and in vitro diagnostic companies; contract manufacturers and service providers across the life sciences supply chain; and dental, consumer health, and animal healthcare products.
Coverage Parts
Coverage A: Products/Completed Operations Bodily Injury and Property Damage Liability (Including Clinical Testing)
Bodily Injury or Property Damage arising from Your Product or Your Work, including clinical trials.
Coverage B: Medical Expenses – Clinical Testing
Sublimit that covers Medical Expenses for Bodily Injury for Test/Trial Subjects arising out of Your Product in connection with a clinical trial in which you are the Sponsor. Deductible does not apply.
Coverage C: Medical Monitoring Fund Expenses
Costs incurred by a claimant because of exposure to Your Product or Your Work that are paid from a Medical Monitoring Fund that the Insured is legally obligated to contribute into.
All Coverages D: Defense Expenses and Claims Handling
Rights and duties associated with the defense of Claims, including retaining counsel, controlling the defense, paying Defense Expenses, and investigations of Occurrences and Claims.
Key Enhancements
True end to end clinical and product liability coverage
Blanket clinical trials coverage, conformity with Foreign Clinical Testing Compensation Guidelines, Expanded Access Pathways (Compassionate Use, Emergency Use, Right to Try), and explicit coverage for side effects or adverse reactions.
Claims made continuity protections that can reduce coverage gaps
Continuous Coverage Relationship works in tandem with the Extended Reporting Period to extend the time the insured has coverage for claims when the insured remains with Medmarc.
Global defense and multinational resilience
Worldwide territory (including space and atmosphere), defense of claims in foreign jurisdictions with reimbursement when prohibited, Difference in Conditions / Excess of Local Insurance, and drop-down coverage if a local insurer becomes bankrupt or taken over by a regulatory agency and is unable to meet their obligations.
Broader, more modern liability triggers
Coverage for mental anguish within the Bodily Injury definition, and punitive damages where permitted—addressing emerging loss scenarios that many life sciences forms may exclude or restrict.
Broad Definition of Insured
The revision expands and refines who is an insured to reflect modern life sciences business structures.
To Learn More and Get Started
To learn how Products/Completed Operations Liability coverage can support your organization, contact our underwriting team or speak with your broker.
This information is for informational purposes only and does not amend, extend, or otherwise modify any insurance policy. The coverages described are subject to all terms, conditions, limitations, exclusions, deductibles, and sublimits set forth in the applicable Life Sciences Products/Completed Operations Liability Coverage Form, Declarations Page, and endorsements. In the event of any inconsistency between this summary and the actual policy issued, the terms and conditions of the actual policy will control.