Beazley vs 
Relm Insurance: How Do They Compare for Product Liability Insurance?
Beazley is narrower, building product cover into its life-sciences forms, while Relm Insurance markets product liability for brokers to place for businesses that make, distribute or sell physical products, flagging cannabis and biotech.
Beazley packages products/completed operations for middle-to-large life-sciences firms; Relm addresses physical-product makers, including cannabis and biotech businesses, through brokers. 1,2,3
What Are the Key Differences Between Beazley and Relm Insurance Product Liability Insurance?
Life-Sciences Packages Versus Cannabis and Biotech
Beazley names medical-device, pharmaceutical, biotech, CRO, CMO and academic research organizations for its life-sciences forms. Relm highlights unexpected THC potency, faulty medical devices and clinical-trial risk for product makers, distributors and sellers. These examples make Relm more directly relevant to cannabis and biotech companies, while Beazley identifies specific package forms for life-sciences accounts. 1 2 3
What the Coverage Description Includes
Beazley describes products/completed operations as responding to bodily-injury and property-damage claims from sold life-sciences products, with scenarios such as a heating pad or a device allegedly causing burns. Relm says product liability protects against injuries or property damage from defects, design flaws, or inadequate warnings and other labelling issues, and lists casualty exclusions such as employee injuries, professional errors, and intentional or criminal acts. 2 3
Insurer Names on the Public Pages
Beazley’s Life Sciences and BioSecure pages do not name the insurer that issues products/completed operations for a given account. Relm’s casualty page likewise does not name a specific issuing insurer for product-liability placements. 1 2 3
What Should You Confirm in Beazley and Relm Insurance Product Liability Insurance Quotes?
- Ask Beazley which of BioSecure, NutraGuard or WellTech applies and how products/completed operations sits with the rest of the package. 1
- Ask Relm, through your broker, which carrier would issue the policy and whether cannabis or biotech appetite applies to your product. 3
- Compare whether recall, clinical-trial or professional-liability grants sit on the same form (Beazley’s package) or must be placed separately through Relm’s casualty offering. 1 3
- Get limits and retentions on both quotes; Beazley’s reviewed pages do not publish them. 2
Beazley vs Relm Insurance Product Liability Insurance Compared
Beazley vs Relm Insurance: Product Liability Insurance: documented features by provider
| Criteria | Beazley Life Sciences Product Liability | Relm Product Liability Insurance |
|---|---|---|
| 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. | 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. 3Company-reported. Casualty page framing; not a guarantee of eligibility for a particular company. |
| 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. 1,2Company-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. 3Company-reported. Casualty page framing; consistent with Relm's broader broker-distribution model. |
| 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. | 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. 3Company-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. 3Company-reported. Casualty page 'What Does Casualty Insurance Not Cover?' section; applies across Relm's casualty lines, not product-liability-specific exclusions only. |
| 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. | Relm markets Product Liability Insurance as a casualty line brokers can place for clients that manufacture, distribute or sell physical products. 3Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement. |
