Beazley vs Relm Insurance Product Liability Insurance

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. ^5,6Company-reported. Life Sciences and BioSecure product pages; the bundled structure applies to this life-sciences segment, not a general commercial product-liability offering.

Relm markets Product Liability Insurance as a casualty line brokers can place for clients that manufacture, distribute or sell physical products. ⁹Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.

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. ^5,6Not found in reviewed sources. Both pages as read on 2026-09-23; no policy form, declarations or entity-specific disclosure for this line was reviewed.

The reviewed page does not name a specific issuing insurer for product liability placements. ⁹Not publicly disclosed. Line-of-business page as read on 2026-09-23; a specific placement's insurer is product- and jurisdiction-specific.

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. ^5,6Company-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.

Relm calls the coverage essential for any business that manufactures, distributes or sells physical products, and specifically flags cannabis (unexpected THC potency) and biotech (faulty medical devices, clinical trial risk) as high-exposure examples. ⁹Company-reported. Casualty page framing; not a guarantee of eligibility for a particular company.

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. ⁶Company-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. ⁵Company-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.

Relm says product liability protects against claims from injuries or property damage caused by a product due to defects, design flaws, or inadequate warnings and other labelling issues. ⁹Company-reported. Casualty page 'What is Product Liability Insurance?' section; the issued policy and declarations control.

Relm says casualty coverage generally excludes employee injuries (covered by workers' compensation), professional errors (covered by E&O), intentional or criminal acts, and damages from illegal activities. ⁹Company-reported. Casualty page 'What Does Casualty Insurance Not Cover?' section; applies across Relm's casualty lines, not product-liability-specific exclusions only.

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. ^5,6Not publicly disclosed. Both pages as read on 2026-09-23.

Not described in the reviewed sources.

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. ^5,6Company-reported. "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.

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. ^5,6Company-reported. Tools & Resources links on both pages; the application forms themselves were not opened.

Relm sells product liability coverage through insurance brokers; its reviewed pages do not describe a direct online quote. ⁹Company-reported. Casualty page framing; consistent with Relm's broader broker-distribution model.