Beazley vs Lockton: How Do They Compare for Product Liability Insurance?

Beazley's product cover sits inside its life-sciences forms for medical device, pharmaceutical and biotechnology organizations, while Lockton brokers custom product liability programs for global manufacturers and consumer products companies.

Beazley packages products/completed operations for life-sciences firms; Lockton builds custom global programs for manufacturers and other complex businesses. ^1,^2,³

What Are the Key Differences Between Beazley and Lockton Product Liability Insurance?

Life-Sciences Packages Versus Global Programs

Lockton designs custom global structures for manufacturers and complex programs; Beazley packages products/completed operations for middle-to-large life-sciences organizations. Choose by industry and program complexity before comparing forms. ¹ ³

Life-Sciences Forms Versus Manufacturer Segments

Beazley splits coverage across BioSecure, NutraGuard and WellTech; Lockton instead names global manufacturers, B2B service providers and consumer-products companies among the segments for its custom structures. ¹ ³

What Should You Confirm in Beazley and Lockton Product Liability Insurance Quotes?

Ask Beazley which named form (BioSecure, NutraGuard or WellTech) applies and whether general liability in the package is claims-made or occurrence. ¹
Ask Lockton which markets it approached for the product-liability layer and whether a recall program is quoted with it. ³
Get issuing-insurer names from both quotes; neither set of reviewed pages names them. ² ³
Compare limits and retentions on the actual proposals; Beazley does not publish them for products/completed operations. ¹

Beazley vs Lockton Product Liability Insurance Compared

Beazley vs Lockton: Product Liability Insurance: documented features by provider

Criteria	Beazley Life Sciences Product Liability	Lockton General & Product Liability Insurance Brokerage
Who It’s For	Beazley targets middle-to-large life-sciences organizations for this coverage, including medical device companies, pharmaceutical and biopharmaceutical manufacturers, blood and tissue banks, biotechnology firms, contract research and contract manufacturing organizations, and academic research institutions. ^1,²Company-reported. "Who we can help" sections of the Life Sciences and BioSecure pages; smaller life-sciences companies or other segments are not addressed by these pages.	Lockton says it serves global manufacturers, business-to-business service providers and consumer products companies among others on this page — the segments most exposed to product liability risk — alongside REITs, contractors and healthcare companies. ³Company-reported. General & Product Liability page as read 2026-09-23. Example industries, not a complete eligibility matrix.
Coverage Features	Beazley describes products/completed operations coverage as responding to bodily-injury and property-damage claims arising from a life-sciences organization's sold products, illustrated with scenarios such as a heating pad allegedly causing burns and a device allegedly causing skin burns during a procedure. ²Company-reported. Illustrative example scenarios on the BioSecure page; scenarios show the type of claim the coverage is meant to address, not a guarantee that a particular claim is covered. Product-liability coverage for life sciences is written on one of three product forms: BioSecure for clinical-trial and sold-product organizations, NutraGuard for nutraceutical, personal-care and cosmetics companies, and WellTech for technology-focused life-sciences organizations; general liability within the package can be written on a claims-made or occurrence basis. ¹Company-reported. Life Sciences page "Our Coverages" and general-liability line item; the reviewed pages describe BioSecure in the most detail and do not itemize which coverages NutraGuard and WellTech each include.	Lockton lists product recall coverage alongside product liability on the same page, meaning a manufacturer client can have Lockton place both the liability program and a related recall-expense program. ³Company-reported. General & Product Liability page as read 2026-09-23. A capability list, not a specimen policy.
Role in This Line	Beazley includes products/completed operations coverage as one of the core coverages in its Life Sciences package, bundled in a single policy form (BioSecure) alongside errors and omissions, healthcare professional liability and general liability rather than sold as a standalone product-liability policy. ^1,²Company-reported. Life Sciences and BioSecure product pages; the bundled structure applies to this life-sciences segment, not a general commercial product-liability offering.	Lockton lists product liability on its General & Product Liability page and brokers it rather than underwriting it, designing custom structures with insurers across the global market. ³Company-reported. General & Product Liability page as read 2026-09-23.

Criteria

Beazley Life Sciences Product Liability

Lockton General & Product Liability Insurance Brokerage

Who It’s For

Beazley targets middle-to-large life-sciences organizations for this coverage, including medical device companies, pharmaceutical and biopharmaceutical manufacturers, blood and tissue banks, biotechnology firms, contract research and contract manufacturing organizations, and academic research institutions. ^1,²Company-reported. "Who we can help" sections of the Life Sciences and BioSecure pages; smaller life-sciences companies or other segments are not addressed by these pages.

Lockton says it serves global manufacturers, business-to-business service providers and consumer products companies among others on this page — the segments most exposed to product liability risk — alongside REITs, contractors and healthcare companies. ³Company-reported. General & Product Liability page as read 2026-09-23. Example industries, not a complete eligibility matrix.

Coverage Features

Beazley describes products/completed operations coverage as responding to bodily-injury and property-damage claims arising from a life-sciences organization's sold products, illustrated with scenarios such as a heating pad allegedly causing burns and a device allegedly causing skin burns during a procedure. ²Company-reported. Illustrative example scenarios on the BioSecure page; scenarios show the type of claim the coverage is meant to address, not a guarantee that a particular claim is covered.

Product-liability coverage for life sciences is written on one of three product forms: BioSecure for clinical-trial and sold-product organizations, NutraGuard for nutraceutical, personal-care and cosmetics companies, and WellTech for technology-focused life-sciences organizations; general liability within the package can be written on a claims-made or occurrence basis. ¹Company-reported. Life Sciences page "Our Coverages" and general-liability line item; the reviewed pages describe BioSecure in the most detail and do not itemize which coverages NutraGuard and WellTech each include.

Lockton lists product recall coverage alongside product liability on the same page, meaning a manufacturer client can have Lockton place both the liability program and a related recall-expense program. ³Company-reported. General & Product Liability page as read 2026-09-23. A capability list, not a specimen policy.

Role in This Line

Beazley includes products/completed operations coverage as one of the core coverages in its Life Sciences package, bundled in a single policy form (BioSecure) alongside errors and omissions, healthcare professional liability and general liability rather than sold as a standalone product-liability policy. ^1,²Company-reported. Life Sciences and BioSecure product pages; the bundled structure applies to this life-sciences segment, not a general commercial product-liability offering.

Lockton lists product liability on its General & Product Liability page and brokers it rather than underwriting it, designing custom structures with insurers across the global market. ³Company-reported. General & Product Liability page as read 2026-09-23.