Medmarc is the longest serving underwriter of products liability insurance to the medical technology and life sciences industry. We cover medical and dental devices, in vitro diagnostics, biotechnology, animal healthcare technology, personal hygiene products, and pharmaceuticals. We insure both manufacturers and distributors. Our policyholders range from clinical-trial stage companies to mature businesses selling products globally.
Your choice of Medmarc means that you benefit from:
We understand the risks unique to this industry and specialize in providing risk management solutions that are designed to respond to the industry's particular needs.
We also provide errors and omissions coverage for manufacturers. This protects you when your negligent error or omission inflicts economic injury on your customer, including covering costs associated with the loss of use of data or a recall. Medmarc covers virtually all companies functioning in drug and device supply chains—from companies sponsoring clinical trials and providing contract manufacturing, sterilization, and packaging services to those with commercialized products and sales–in both the drug and device industries.
Medmarc was founded in 1979 by HIMA, which is now the Advanced Medical Technology Association (AdvaMed), the world’s largest medical technology association. We began as a small, Bermuda-based captive insurance program and have grown into a U.S.-based insurance group with licenses to write business in all 50 states and the District of Columbia. We have never wavered from our commitment to the industry, and we continue close relationships with AdvaMed and the Independent Medical Distributors Association (IMDA).
Medmarc is rated A (Excellent) by A.M. Best. Additionally, we have the backing of our parent company, ProAssurance Corporation. ProAssurance Group is rated A (Excellent) by A.M. Best, and ProAssurance and its operating subsidiaries are rated A (Strong) by Fitch Ratings.
Medmarc Insurance Group
4795 Meadow Wood Lane
Suite 335 West
Chantilly, VA 20151-2219
P: 800-356-6886
F: 703-652-1389