---
title: "Beazley vs Lockton Product Liability Insurance"
description: "Beazley underwrites life-sciences products/completed operations on named forms; Lockton brokers custom product-liability structures globally."
canonical: "https://spot.insure/compare/beazley-vs-lockton/product-liability"
page-type: "line-comparison"
updated-at: "2026-09-24"
---

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# Beazley vs Lockton Product Liability Insurance

Beazley underwrites life-sciences products/completed operations on named forms; Lockton brokers custom product-liability structures globally.

## Research Scope and Use

Use this comparison to evaluate Beazley and Lockton for Product Liability Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Beazley writes products/completed operations inside BioSecure, NutraGuard or WellTech for life-sciences organizations. Lockton brokers product liability and adjacent product recall across insurers for manufacturers, consumer-products companies and other commercial clients. [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences") [6](https://www.beazley.com/en-US/products/healthcare-usa/biosecure/ "BioSecure - Life Sciences") [10](https://global.lockton.com/us/en/products-services/general-product "US > General & Product Liability")

## What Is Beazley?

Beazley is a specialty insurance group whose MediaTech product combines technology and professional E&O, media and cyber coverage. Separate offerings address executive liability, digital health and other specialty risks. [1](https://www.beazley.com/en-US/products/small-business-solutions-usa/mediatech-for-small-businesses/ "MediaTech for Small Businesses") [2](https://www.beazley.com/en-us/legal-information-en/ "Legal Information") [3](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary "Execuguard (Combined EPL, D&O, and Fiduciary)") [4](https://www.beazley.com/en-us/products/healthcare-usa/virtual-care "Virtual Care")

[Beazley profile](https://spot.insure/insurance-providers/beazley)

## What Is Lockton?

Lockton is a privately held insurance brokerage that arranges commercial risk, employee benefits and retirement programs. US pages describe a technology practice and intermediary placement with insurers, not Lockton as the policy’s insurer. [7](https://global.lockton.com/us/en "Lockton United States") [8](https://global.lockton.com/us/en/technology "Technology") [9](https://global.lockton.com/us/en/terms-of-business "US Terms of Business")

[Lockton profile](https://spot.insure/insurance-providers/lockton)

## What Is Product Liability Insurance?

Product liability insurance addresses liability for injury or damage associated with a defective product that a business manufactures, wholesales, distributes or sells. [12](https://www.sba.gov/counseling/launch-your-business/#business-insurance "Get business insurance") [13](https://www.iii.org/fact-statistic/facts-statistics-product-liability "Facts + Statistics: Product liability") [14](https://www.iii.org/article/product-liability-recall-and-contamination-insurance "Product liability, recall and contamination insurance") [15](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm "Commercial Insurance Guide")

## Key Differences in Product Liability Insurance

### Underwriter Versus Broker

Beazley designs and underwrites the life-sciences package that includes products/completed operations. Lockton lists product liability on its General & Product Liability page and places custom structures with insurers in the global market instead of writing the policy itself. [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences") [6](https://www.beazley.com/en-US/products/healthcare-usa/biosecure/ "BioSecure - Life Sciences") [10](https://global.lockton.com/us/en/products-services/general-product "US > General & Product Liability")

### Life-Sciences Forms Versus Manufacturer Segments

Beazley splits this coverage across BioSecure (clinical-trial and sold-product organizations), NutraGuard (nutraceutical, personal-care and cosmetics companies) and WellTech (technology-focused life-sciences organizations). [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences") [10](https://global.lockton.com/us/en/products-services/general-product "US > General & Product Liability")

## What to Confirm in 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. [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences")
- Ask Lockton which markets it approached for the product-liability layer and whether a recall program is quoted with it. [10](https://global.lockton.com/us/en/products-services/general-product "US > General & Product Liability")
- Get issuing-insurer names from both quotes; neither set of reviewed pages names them. [6](https://www.beazley.com/en-US/products/healthcare-usa/biosecure/ "BioSecure - Life Sciences") [10](https://global.lockton.com/us/en/products-services/general-product "US > General & Product Liability")
- Compare limits and retentions on the actual proposals; Beazley does not publish them for products/completed operations. [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences")

## Offering Details

| Criteria | Beazley Life Sciences Product Liability | Lockton General & Product Liability Insurance Brokerage |
| --- | --- | --- |
| 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. [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences") [6](https://www.beazley.com/en-US/products/healthcare-usa/biosecure/ "BioSecure - Life Sciences") (Evidence: Company-reported; scope: 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. [10](https://global.lockton.com/us/en/products-services/general-product "US > General & Product Liability") (Evidence: Company-reported; scope: General & Product Liability page as read 2026-09-23..) |
| Issuing Insurer | The reviewed Life Sciences and BioSecure pages do not name the insurer that issues products/completed operations coverage for a given account; the issuing entity is not established by these product pages. [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences") [6](https://www.beazley.com/en-US/products/healthcare-usa/biosecure/ "BioSecure - Life Sciences") (Evidence: Not found in reviewed sources; scope: Both pages as read on 2026-09-23; no policy form, declarations or entity-specific disclosure for this line was reviewed..) | Neither page names the insurers Lockton places product liability coverage with. [10](https://global.lockton.com/us/en/products-services/general-product "US > General & Product Liability") [11](https://global.lockton.com/us/en/products-services/casualty "Casualty Insurance") (Evidence: Not publicly disclosed; scope: General & Product Liability and Casualty pages checked 2026-09-23..) |
| 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. [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences") [6](https://www.beazley.com/en-US/products/healthcare-usa/biosecure/ "BioSecure - Life Sciences") (Evidence: Company-reported; scope: "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. [10](https://global.lockton.com/us/en/products-services/general-product "US > General & Product Liability") (Evidence: Company-reported; scope: 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. [6](https://www.beazley.com/en-US/products/healthcare-usa/biosecure/ "BioSecure - Life Sciences") (Evidence: Company-reported; scope: 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..)<br><br>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. [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences") (Evidence: Company-reported; scope: 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. [10](https://global.lockton.com/us/en/products-services/general-product "US > General & Product Liability") (Evidence: Company-reported; scope: General & Product Liability page as read 2026-09-23. A capability list, not a specimen policy..) |
| Limits and Retentions | The reviewed Life Sciences and BioSecure pages do not publish limit, retention or deductible amounts for products/completed operations coverage; those figures are not shown until an application and quote. [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences") [6](https://www.beazley.com/en-US/products/healthcare-usa/biosecure/ "BioSecure - Life Sciences") (Evidence: Not publicly disclosed; scope: Both pages as read on 2026-09-23..) | Not described in the reviewed sources. |
| Risk Services | Beazley says it has dedicated wordings professionals who craft policies for the life-sciences sector and a named healthcare claims team, including a Claims Team Leader and Claims Product Specialist for healthcare, that handles claims on this coverage. [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences") [6](https://www.beazley.com/en-US/products/healthcare-usa/biosecure/ "BioSecure - Life Sciences") (Evidence: Company-reported; scope: "The Beazley Difference" bullets and team listings on the Life Sciences and BioSecure pages; claims-handling quality and turnaround are not independently verified..) | Not described in the reviewed sources. |
| How to Apply | Beazley posts a Life Sciences application form and a separate BioSecure application under each page's Tools & Resources, pointing to a broker-submitted underwriting process rather than a direct online quote for this coverage. [5](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences "Life Sciences") [6](https://www.beazley.com/en-US/products/healthcare-usa/biosecure/ "BioSecure - Life Sciences") (Evidence: Company-reported; scope: Tools & Resources links on both pages; the application forms themselves were not opened..) | Not described in the reviewed sources. |

## Full Comparison

- [Beazley vs Lockton](https://spot.insure/compare/beazley-vs-lockton): all coverage lines, business roles, service and claims.
- [What Is Product Liability Insurance?](https://spot.insure/coverage/product-liability): Product liability insurance addresses injury or damage claims involving defective products your business makes, distributes or sells.
- [Beazley vs Lockton Commercial Property Insurance](https://spot.insure/compare/beazley-vs-lockton/commercial-property)
- [Beazley vs Lockton Crime Insurance](https://spot.insure/compare/beazley-vs-lockton/crime)
- [Beazley vs Lockton Cyber Insurance](https://spot.insure/compare/beazley-vs-lockton/cyber)
- [Beazley vs Lockton D&O Insurance](https://spot.insure/compare/beazley-vs-lockton/directors-officers)
- [Beazley vs Lockton Employment Practices Liability Insurance](https://spot.insure/compare/beazley-vs-lockton/employment-practices)
- [Beazley vs Lockton Fiduciary Liability Insurance](https://spot.insure/compare/beazley-vs-lockton/fiduciary)
- [Beazley vs Lockton General Liability Insurance](https://spot.insure/compare/beazley-vs-lockton/general-liability)
- [Beazley vs Lockton Representations and Warranties Insurance](https://spot.insure/compare/beazley-vs-lockton/representations-warranties)
- [Alliance Risk vs Beazley Product Liability Insurance](https://spot.insure/compare/alliance-risk-vs-beazley/product-liability)
- [Alliance Risk vs Lockton Product Liability Insurance](https://spot.insure/compare/alliance-risk-vs-lockton/product-liability)
- [Amelia Risk vs Beazley Product Liability Insurance](https://spot.insure/compare/amelia-risk-vs-beazley/product-liability)
- [Amelia Risk vs Lockton Product Liability Insurance](https://spot.insure/compare/amelia-risk-vs-lockton/product-liability)
- [Beazley vs CFC Product Liability Insurance](https://spot.insure/compare/beazley-vs-cfc/product-liability)
- [Beazley vs Coverdash Product Liability Insurance](https://spot.insure/compare/beazley-vs-coverdash/product-liability)

## Sources

### Beazley

1. [MediaTech for Small Businesses](https://www.beazley.com/en-US/products/small-business-solutions-usa/mediatech-for-small-businesses/). Beazley; Opening product description; What we offer: E&O (Tech and Professional), Media, Cyber coverage includes; How can we help; SME placement paragraph; Tools & Resources. Accessed 2026-09-16.
2. [Legal Information](https://www.beazley.com/en-us/legal-information-en/). Beazley; Website conditions: US jurisdiction availability, surplus lines and policy wording disclaimers; Beazley plc identity. Accessed 2026-09-16.
3. [Execuguard (Combined EPL, D&O, and Fiduciary)](https://www.beazley.com/en-us/products/executive-risk-usa/execuguard-combined-epl-do-and-fiduciary). Beazley; ExecuGuard product introduction: combined EPL, D&O and fiduciary coverage for private organizations; What we offer: separate or shared limits, admitted or non-admitted; How can we help. Accessed 2026-09-16.
4. [Virtual Care](https://www.beazley.com/en-us/products/healthcare-usa/virtual-care). Beazley; Available Coverages; Who we can help; Where is this offered. Accessed 2026-09-16.
5. [Life Sciences](https://www.beazley.com/en-us/products/healthcare-usa/life-sciences). Beazley; What we offer; Our Coverages: BioSecure, NutraGuard, WellTech; Who we can help: middle-to-large life-sciences organizations; Where is this offered. Accessed 2026-09-23.
6. [BioSecure - Life Sciences](https://www.beazley.com/en-US/products/healthcare-usa/biosecure/). Beazley; What we offer coverage highlights; Who we can help; Where is this offered; Examples or scenarios; Tools & Resources. Accessed 2026-09-23.

### Lockton

7. [Lockton United States](https://global.lockton.com/us/en). Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
8. [Technology](https://global.lockton.com/us/en/technology). Lockton; Industry introduction; cyber liability heading; dedicated technology team; listed services including claims advocacy, contract review, directors and officers liability, and international program design; 24/7 service model. Accessed 2026-09-16.
9. [US Terms of Business](https://global.lockton.com/us/en/terms-of-business). Lockton; Opening entity definition; Surplus Lines; Use of a Particular Insurer; Compensation Disclosure; servicing, claims handling and renewal language in Confidentiality section; Intermediaries. Accessed 2026-09-16.
10. [US > General & Product Liability](https://global.lockton.com/us/en/products-services/general-product). Lockton; Tailored solutions intro; industries named (global manufacturer, business-to-business service provider, consumer products company, REIT, contractor, healthcare company); liability solutions list including Product liability and Product recall. Accessed 2026-09-23.
11. [Casualty Insurance](https://global.lockton.com/us/en/products-services/casualty). Lockton; Casualty Insurance Solutions list: Auto, Cargo, General & Product Liability, Umbrella & Excess Liability, Workers' Compensation. Accessed 2026-09-23.

### Product Liability Insurance Guide

12. [Get business insurance](https://www.sba.gov/counseling/launch-your-business/#business-insurance). U.S. Small Business Administration; Six common types of business insurance table. Accessed 2026-09-16.
13. [Facts + Statistics: Product liability](https://www.iii.org/fact-statistic/facts-statistics-product-liability). Insurance Information Institute; Product liability insurance opening definition (manufacturer, distributor, or seller; defective condition causing personal injury or damage); Product recall insurance sentence. Accessed 2026-09-16.
14. [Product liability, recall and contamination insurance](https://www.iii.org/article/product-liability-recall-and-contamination-insurance). Insurance Information Institute; Product liability opening (design/manufacture/distribute/sell; injury, property damage or death; added to GL or stand-alone); What could go wrong? (roles; directions/warnings); Covering the costs of a product recall; Contamination insurance. Accessed 2026-09-16.
15. [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm). California Department of Insurance; Commercial General Liability Coverage: premises, products liability and completed operations; major exclusions including damage to your work, impaired property, sistership liability and failure to perform; Limits of Insurance products and completed operations aggregate; glossary Sistership Liability. Accessed 2026-09-16.

Updated 2026-09-24. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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