Spot for Medical Device Companies

Get quotes from 50+ medical device insurance providers with Spot

We take your devices to brokers, compare the product and recall quotes with you and help you buy before the first shipment.

Get StartedHow It Works

Product liability matched to each device and stage
Connected features reviewed for cyber and product overlap
Keep your broker or switch, with no commissions on premiums

A quality engineer inspects a handheld medical device under a magnifier lamp.

How Spot helps Medical Device Companies

List every device and who makes it

Your Spot team lists each device and accessory, its intended use and territory, and which entity designs, makes, labels, tests, installs and services it.

Alder ManufacturingOrganized by Spot

AIG

Alliance Risk

Amelia Risk

Review the manufacturing agreement

Send the manufacturer or distributor agreement. Spot reads its indemnities and insurance requirements and checks them against your policies before you sign.

Product liability insurance

Alder Manufacturing · Policy review

Policy wording: Coverage limits
Compare with: Contract requirements

Confirm with your broker

Limits, exclusions, and endorsements

Compare quotes on device claims and recalls

We work with brokers to take your submission to market and ask how each proposal treats a device claim, a recall and a connected-feature incident, then show you where the policies leave a gap.

Get certificates for hospitals and distributors

When a hospital system or distributor asks for proof of insurance, your Spot team gets the certificate ready from your policies and works with your broker on any wording the request names.

How buying insurance works for Medical Device Companies

Company profile
Operations
Locations
Current policies
Contracts
01
Tell us about your business
Share what you do, where you work, the policies you have and any contracts that ask for insurance.
02
We write up your application
Spot turns it into an application that describes your business the way insurers need to see it.
Quotes requested
Sent
Insurance companyQuoting
Specialist insurerQuoting
Wholesale marketQuoting
03
We get quotes from insurers
Spot handles the procurement, sending it to the insurers and markets that cover businesses like yours and chasing every quote.
04
Compare your quotes
We put the quotes side by side on limits, exclusions and terms as well as price.
05
Buy your policy and get certificates
You choose. Spot places the policy for you, and certificates are ready when a customer or landlord asks.

Medical Device Companies we help

Device startups entering a study
Moving from prototype to a device study changes how product liability needs to describe you.
Companies preparing for commercial sale
Distribution and sales territories bring product and recall questions you haven’t had to answer.
Connected device makers
Your device transmits patient data or depends on a cloud or software vendor, so cyber and product proposals both need to address it.
Device companies using contract manufacturers
Customer indemnities and manufacturer agreements decide who answers for what.

Insurance Medical Device Companies usually carry

The policies companies like yours are usually asked for, and when each one comes up.

Product liability
You move from prototype work into a device study, contract manufacturing, distribution, or commercial sale.
Product recall
A defect, field issue, customer request, or product change could lead you to stop sales or withdraw a device.
Cyber liability
Your device connects to a network, transmits patient data, or depends on a cloud or software vendor.
Commercial property
You lease a workshop or lab, buy production equipment, or keep prototypes and inventory at a site.
Tools, equipment and inland marine
You take prototypes, demo devices, tools, or test equipment to a customer, trade show, or study site.

Insurers that quote Medical Device Companies

Get quotes from 50+ medical device insurance providers with Spot.

AIG
Alliance Risk
Amelia Risk
Aon
At-Bay
Beazley
Berkshire Hathaway Specialty Insurance
And many more

When Medical Device Companies need insurance

01
You’re starting a device study
Ask a specialist broker how product liability treats your device, software and study stage.
02
You’re signing a manufacturing contract
Share customer indemnities and manufacturer agreements so the application reflects who does each job.
03
Your first commercial shipment is close
Give the broker the intended use, manufacturer and distributor roles, territory and destination before the device ships.
04
Demo units are going to trade shows and sites
Ask whether inland marine terms list the devices, tools and routes while they’re away from your site.
05
You might need to recall a device
Before a correction or removal happens, find out whether recall coverage is available for your device and which notification, shipping, replacement and consultant costs it would pay.

Questions from Medical Device Companies

Also known as medical device insurance, medical device company insurance, medical device manufacturer insurance, medtech insurance and medical technology insurance.

What insurance does a medtech startup need before its first sale?

Product liability usually leads, with product recall alongside it. Connected devices bring cyber questions, and prototypes and stock need property and inland marine. Spot builds the product list brokers quote from.

Does FDA device status tell us what our insurance covers?

No. FDA status helps describe the device, intended use and stage. The policy forms and exclusions decide what a claim, recall or contract requirement gets.

Does product liability cover a recall?

Not by default. Recall expense is a separate buying question, so Spot asks specialists whether a recall form is available for your device.

Which policy covers harm from a connected feature?

There’s no stock answer. Cyber and product forms may each address part of that scenario, so your Spot team puts the same connected-feature claim to every proposal and compares the responses.

What should a broker know before our first shipment?

Give them the device’s intended use, the manufacturer and distributor roles, the territory and the destination. Add contract, installation, service and transit details where they apply.

Our broker doesn’t place much medical device business. What are our options?

Spot can work alongside your broker, or help you switch to one with specialist device markets. Spot takes no commission on your premiums in either case.