Product Liability Insurance for Medical Devices

Protect Your Business With Medical Equipment Insurance Today

Top-Rated Insurance For Medical Devices & Equipment

It’s critical to insure your devices and equipment against the risks they carry due to rapid advancements in medical technology. Insurance Canopy has the medical device liability insurance to do just that. For more than a decade we have helped thousands of businesses gain access to unique product liability insurance policies—and we can help you, too.

Whether you manufacture, import, or sell medical equipment, our medical device insurance can help you defend lengthy lawsuits and pay for costly claims. Tailor your coverage to your specific needs and start placing your product into more medical facilities with Insurance Canopy.

Our Partners
white IFTA logo
Mid-Continent Group Logo
The Hartford company logo
Progressive Logo

What Is Product Liability Insurance For Medical Devices?

Product liability insurance for medical devices is designed to help your business pay for third-party claims of bodily harm or property damage. If someone is injured by a defective blood pressure cuff, or an exam light malfunctions and sparks a fire, then you could be held liable.

Insurance Canopy’s policy includes general and product liability insurance. Additionally, we offer coverage for:

  • Inland Marine
  • Product Recall
  • Hired/Non Owned Auto
  • Cyber Liability
  • Additional Insureds
  • Occurrence Limits


We cannot insure implants or critical care equipment, walking aids, sports safety gear, products that require a prescription, contain human stem cells, are intended to be injected, contain illegal drugs, or contain more than 0.3% THC. Please see a full list of exclusions in our insurance application.

A doctor in scrubs and a lab coat points to the side.
A medical device insurable with medical equipment coverage.

What Medical Device Products Are Covered Under Product Liability?

At Insurance Canopy, we can cover a variety of expendable medical devices, such as:

  • Hospital equipment
  • Surgical tools
  • Dental equipment
  • Medical examination tools
  • Medical clothing and textiles
  • Testing machinery


We cannot insure implants or critical care equipment, walking aids, sports safety gear, products that require a prescription, contain human stem cells, are intended to be injected, contain illegal drugs, or contain more than 0.3% THC. Please see a full list of exclusions in our insurance application.

How Much Does Product Liability Insurance for Medical Equipment Cost?

Typically, policy premiums start around $2,298 per year for medical equipment insurance. Your premium can vary based on different factors, such as: 

  • Business industry
  • Annual gross sales
  • Product type
  • Limits required
  • Additional coverages
  • Claims history


To get a more accurate estimate of your policy costs, you can apply for a free insurance quote today.

A walker, wheelchair and crutches on a white background.

Coverage Details

Limits of Liability

The most your policy will pay for bodily injury and property damage claims, occurring during the policy term, as a result of your business and professional services.

$2,000,000*

The maximum amount your policy will pay during the policy term for claims of bodily injury and property damage as a result of your products or business operations conducted away from business’s premises—even after operations are completed.

$2,000,000*

The amount that your policy will pay for claims arising out of one or more of the following offenses:
– False Arrest, detention or imprisonment
– Malicious prosecution
– Wrongful Eviction or Wrongful Entry
– Oral or written publications that slander or libels a person or organization
– Oral or written publication or material that violates a person’s right of privacy
– The use of another’s advertising idea in your advertisement

$1,000,000

The maximum amount paid per claim during the term of the policy.

$1,000,000*

Applies to damage by fire to premises rented to the insured and to damage regardless of cause to premises (including contents) occupied by the insured for 7 days or less.

$300,000

A no-fault medical policy to cover medical or funeral expenses for an individual up to the issued limit—without deducting from the general liability aggregate limit. Bodily injuries or death must be the result of your business or professional services.

$5,000

This is the amount we deduct from a claim before paying up to your policy limits.

$2,500

*Other limits available on underwriting approval.

Want a free insurance quote?

Have questions?

Our licensed agents have answers (se habla espanol)

Questions About Product Liability Insurance For Medical Devices

Product Liability for Medical Devices

Five Things To Know Before You Buy

Medical Devices Product Liability

Medical Devices Save Lives-  and Product Liability Insurance saves businesses Keep your business safe with coverage from top rated providers.

Related Articles

We like, retweet, and share videos on the internet everyday that are labeled as a #Fail. They make us laugh and boost our self-esteem, and they teach us a lot…
When you hear about buyer and seller disputes on eBay, it typically…
As an Etsy seller, have you ever taken a look at the…