Kinsale has extensive industry knowledge insuring health-related products and can tailor solutions for your hard-to-place risks. Options can vary greatly with differing ingredient and material exclusions, claims-made or occurrence forms, defense provided inside or outside the limits, and deductible alternatives. General Liability and Professional Liability coverages can be written on a combined or on a stand-alone basis.
Target Classes:
- Biologics
- Clinical trials
- Dental products
- Dietary supplements (human and animal)
- Durable medical equipment
- Health and beauty products
- Medical devices
- Pharmaceuticals
Minimum Premiums:
- $2,200 – $1M/$2M
- $9,000 – $5M/$5M
- $16,500 – $10M/$10M
Policy Structure:
- Commercial General Liability, Products/Completed Operations Liability, or Professional Liability
- Claims-Made coverage form, with Occurrence coverage available for certain risks
- Policy limits up to $10M available on primary or excess basis; Follow-Form excess capacity of $10M on both a supported and unsupported basis
- Defense normally written inside the limit, but may consider outside the limit based on the risk
- Automatic inclusion of landlords, trade events, and vendors as additional insureds
Available Coverage Enhancements:
- Data breach
- Employee benefits
- Errors & omissions
- Hired & non-owned auto
- Primary & non-contributory AIs
- Product recall
- Waiver of subrogation
- Worldwide coverage
Submission Requirements:
- Kinsale application (signed and dated by the insured when bound)
- Supplemental applications, where appropriate (signed and dated by the insured when bound)
- Five-year currently-valued company loss runs with a description provided for large losses over $25,000
- Copy of current declarations page
- Copy of all product labels
- Copy of all advertising literature
- Website information
