Travelers has launched MedFirst, a combination of three liability coverages packaged in a single insurance policy: products/completed operations liability, E&O and information security liability, to address the risks in the medical technology industry.
The continuing integration between medical devices and software companies exposes them to financial loss in addition to traditional bodily injury damages.
Travelers MedFirst key features include:
- Enterprise-wide coverage
- Worldwide coverage
- Information security coverage that specifically addresses privacy-related risks
- A simplified approach for obtaining coverage, saving time for agents and customers with "one application, one underwriter, one policy"
MedFirst is the information security liability coverage that responds to failures to prevent unauthorized access to, or use of, personal identity information or protected health information as defined by the Health Insurance Portability and Accountability Act of 1996.
Travelers Global Technology has a strong commitment to the medical technology industry – serving these clients for more than 25 years. MedFirst is supported by dedicated underwriting, claims and risk control experts who understand the unique requirements of medical technology companies. A broad range of medical technology and software companies are eligible for MedFirst coverage.
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