Life Sciences risks can come in many forms, ranging from skincare products to permanently implantable medical devices, and all the way through to sophisticated robots used in surgery. In an increasingly litigious world, the liability exposure can be significant.
TMK's Life Sciences IntelliMed Insurance product is designed by experts who understand this unique risk landscape. We pride ourselves on prioritising providing bespoke cover for companies that develop brand new inventions such as that seen in the world of MedTech, FemTech, smart medical device manufacturing, telemedicine, apps, wellness, biotechnology and the repurposing of pharmaceuticals.
We have the ability to tailor make cover for a vast array of complex risks and support companies from pre-revenue start up stage all the way through to multi-billion dollar corporations.
Maximum combined line size
Clinical trials – no fault compensation and legal liability
Subject to sanctions restrictions
EXTENSIONS AVAILABLE FOR
Product recall costs
Research and development reinstatement costs
Barcode restoration costs
Reputational damage costs
What does Life Sciences mean?
What is FemHealth?
It has become evident that there is more focus needed for the FemHealth/FemTech space from an insurance coverage perspective. Tokio Marine Kiln is dedicated to working together with both start-ups and larger companies to assist in creating the right insurance coverages for the novel ideas being developed in the FemHealth/FemTech world, and making sure such products and services are protected if the unexpected occurs.
For more information click to read our Life Sciences product information sheet.
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