MedTech, Biotech, And Technology Insurance

Technology, Biotech, and Medtech is a broad, diverse and evolving sector. As a result, commercial insurance arrangements for companies under this banner will need to be tailored. This is to ensure they are relevant and meet your needs, whether you are a start-up or a global organisation. From medical malpractice insurance to technology insurance, and biotech insurance, we are here to help you find the right cover for your business.

The Alan & Thomas insurance team has its fingers on the pulse of the industry. This places us in an ideal position to advise you on the most suitable biotech insurance or technology insurance for your business. We can help you keep up to date with important legislation changes and health and safety compliance. Alongside this, we offer risk management support which plays a crucial part in mitigating risks. 

Some of the key biotech and technology insurance covers can include:

• Cyber Insurance
• Professional Indemnity Insurance
• Intellectual Property Insurance and asset protection – including Research and Development property, prototypes, lab/office equipment and stock in controlled environments.
• Business Interruption Insurance - including reinstatement Research and Development Costs.
• Medical Malpractice Insurance
• Directors and Officers Liability Insurance
• Intellectual Property Insurance
• Clinical trial liability

Risk management resources at your fingertips

At Alan & Thomas, we strive to provide your business more than just insurance. We provide a risk management service that is not only relevant and can reduce costs, but also improves health and safety. And most importantly, helps prevent minor issues from escalating into massive problems. After working for a period of time with existing clients, we now offer access to a Risk Management Resource Library as part of our service. This is a complimentary service clients receive when choosing your biotech insurance or technology insurance with us.

There is a raft of information, guides, templates, and toolkits available here, covering a range of topics that you can access as and when you need it. However, if you have a specific question or would like further information on a Risk Management related issue, don't hesitate to get in touch. A member of the Alan & Thomas insurance team will be happy to discuss this with you further.

Reassurance in the event of making a claim

With the fast pace of the innovations coming from businesses operating in the Technology, Biotech and Medtech sector, we ensure the policies we advise you on match your needs. As well as this, our claims team keep abreast of how the policies will respond in the event of a claim. The wealth of experience of our in-house claims advisers help to ensure that should you have a claim, it is handled swiftly and fairly.

Finding a comprehensive technology and biotech insurance cover

We understand the technicalities that this type of sector involves. With many policies falling under commercial insurance, it's important you find a comprehensive cover. It is equally important that the guidance for choosing these types of cover is chartered. At Alan & Thomas insurance, we will assist you every step of the way to ensure you have a complete insurance solution.

Whether you need medical malpractice insurance, technology insurance, or biotech insurance, contact us. We have a specialist team of advisors who are there to find you the best insurance quote. To get in touch, please call 01202 754900 or email info@alan-thomas.co.uk.