MedTech & Life Science

Life science is shaping up to be a key engine of economic growth in the United States. Major advancements are continually taking place fueled by investment in research and development across the pharmaceutical, medical devices and diagnostic testing product segments. What’s more, this market is closely aligned to global healthcare, which is anticipated to grow roughly 5% in 2018 (source: Global Healthcare Industry Outlook 2018).

Today, pharmaceutical, medical device and diagnostic test manufacturers can be found in every state as well as the District of Columbia. The trend by large manufacturers, start-ups and “virtual” companies for outsourcing many facets of their operations, including R&D, pre-clinical and clinical testing, component manufacturing, packaging, and distribution creates a growing market of midsized companies serving this industry. Combined with the constant stream of science-driven technologies and innovation, companies in this industry innovate continuously, spurring new growth opportunities.

We provide superior protection and peace of mind for companies of all sizes, domestically and internationally, with our Medical Technology Solution™ (MTS) policy. This policy offers a menu approach enabling customized, yet comprehensive, combined liability protection that is scalable and able to grow with you.

Coverages included within MTS:

  • Products and completed operations liability including clinical trials with automatic foreign jurisdiction compensation
  • Human clinical trial medical payment expense
  • Errors or omissions enterprise-wide, financial loss coverage
  • Information risk liabiity
  • Communication liability
  • Privacy administrative proceeding, fines and consumer liability


Need coverage? Download our application now (RI customers – download here) and once completed, submit it to your OneBeacon agent or broker for review and submission.

OneBeacon’s experts share their insights through ongoing publications. Review the following white papers and insights for additional information on these subjects:


Microbiome: What is your gut telling you?

We live in a time where medical technology is evolving faster than we can imagine. For that we have exceptional and dedicated scientists and researchers to thank. In 2008, the Human Microbiome Project was established, “with the mission of generating resources that would enable the comprehensive characterization of the human microbiome and analysis of its role in human health and disease.”


Digital Medicine

Digital medicine is an emerging technology which is likely to have an immensely disruptive influence on the medical device market.1 It is central to the concept of digital health, a confluence of genomics, proteomics, metabolomics, epigenomics, and biomarkers, which are enabling us to know human biology on an individual basis.2 These new digital tools are capable of recording clinical data and generating medical information, and make it possible to develop digital medicine that is more precise, effective and widely distributed than current medical practices.3 While digital medicine first emerged a few years ago as wearable devices, the newest generation of ingestible electronics will allow practitioners to diagnose, detect and monitor physiological conditions across a wide range of diagnostics and therapeutics.


Personalized Medicine - A Healthcare Revolution

The Human Genome Project (HGP), which started in 1990 and was completed in 2003, spurred a revolution in biotechnology innovation around the world. The project helped map the understanding of all human genes, and paved the way for a completely new approach to our healthcare – personalized medicine. But with any new developments, no matter how impactful, some very important questions and concerns must be raised. With personalized medicine and its associated genetic sequencing, there are ethical, social and legal implications.



Personalized medicine is transforming how physicians diagnose and treat medical conditions. Rather than being limited to tools featuring the same therapies to treat patients with similar or specific disorders, therapies can now be tailored to the patient’s individual characteristics and needs. Central to this new medical model is the identification and detection of biomarkers, or the molecules that occur naturally in the human body.


Sterilization - The Ultimate in Clean

Can you imagine learning that the surgical instruments used in your recent medical procedure were contaminated? What a frightening prospect! That is why vigilance around maintaining appropriate levels of sterilization control is so critically important.


Medical Device Security

As medical devices have progressed towards wireless, point of care and even electronic, implantable technologies, there have been several high profile instances of devices being hacked.


Biosafety Laboratories

Laboratories are equipped with engineering and administrative controls to ensure that pathogenic microbes are safely contained.


Security at Pharmaceutical Warehouses and Manufacturing Facilities

Pharmaceutical manufacturing involves the scientific blending and mixing of chemicals to produce specific drugs in liquid, powder or pill form. Due to the use of these chemical substances, tightly controlled security practices are critical.