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Insurance for medtech businesses

Medical technology insurance from specialists in risk solutions for digital businesses.

How cyber insurance can help your business

Extortion, hacking and ransomware

If you're held ransom by a hacker, or have to pay compensation to your customers because of a data breach, we'll cover damages and extortion payments, as well as costs associated with defending, negotiating and settling the claim.


We offer an extension that will reimburse up to ÂŁ100,000 in financial losses caused by funds transfer fraud (social engineering), phone hacking, botnet attack and cryptojacking.

What cover do we offer medtech businesses?

Following the rapid increase in adoption of technology in the medical sector there are a number of areas that need highly-tailored protection.

Medical malpractice

Healthcare is rapidly transforming into a technology-led, digital industry. As a result, medtech businesses and healthcare providers face new risks that emerge from not just the provision of their services, but bodily injury resulting from teleadvice, an AI diagnosis error, cyber events, system outages or faulty devices. This has historically been a very difficult level of cover to obtain, however, Digital Risks have arranged this cover for a number of Europe's top medtech businesses.

Professional indemnity

As technology is increasingly becoming a core component in healthcare delivery, software failures and coding problems is another key risk for medtech businesses and healthcare providers. Digital Risks can arrange protection against exposure and breaches during supply, development, installation and maintenance of technology.

Products liability

We provide cover for tangible products that have been manufactured, altered, distributed or installed by medical technology businesses. This includes wearable technology and self-monitoring healthcare devices, including cover for devices failing to perform as intended and those exported anywhere in the world.

Cyber insurance

It is essential for digital healthcare companies to have cyber liability and privacy policy tailored to their specific needs as these types of risks vary from industry to industry. In addition to liability coverage for a data breaches our innovative insurance can extend to cover GDPR penalties and ransomware attacks. It can also cover things like restoration of data and loss of profits due to a data breach. Attacks on the healthcare industry are expected to quadruple in 2020.

Intellectual property (IP) infringement

Intellectual property (IP) is one of the key assets of any medtech business and that is why it is crucial to arrange a special policy to cover infringement of IP rights. Whether it is for your own copyrights and trademarks, or allegations of infringement on somebody else's. In some cases, we also extend this to cover infringement of a patent.

Public liability

Public liability insurance protects you if you cause injury or property damage to a third party, either at your co-working space, at a client’s offices, or when you’re around members of the public. You may think that this isn’t relevant to you, if you’re mainly office-based, but if you spend a lot of time going to events and visiting clients, this will increase your risk exposure.

Directors and officers

D&O covers personal liability for any mistakes or omissions allegedly made by a company’s management team. That includes any legal defence costs and awards made against them. Whether it’s a large publicly-traded company or a startup with a few employees, it covers directors for risks they may face personally for the management of the company.

We insure thousands of innovative businesses

Dan and James at Digital Risks were great in helping us get coverage for our AI skin cancer service. We had spoken to a number of brokers as we tried to get insurance for our AI but ultimately, none were able to get underwriters around the table to understand the business and coverage needed. Dan and James did that and then helped create a new policy type to get us the coverage we needed. Recommend.

CEO, Skin analytics

We had a breach and the insurance and legal support we got was invaluable. Digital Risks walked us through the whole thing including media and customer relations.

Founder, ID verification service

It was very quick and easy to claim. Our account manager replied within minutes, confirmed the details and we had the money in our account within 48 hours.

COO, HR technology platform 
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Authorised by the FCA

The FCA supervises UK financial services firms to protect consumers. We are directly authorised and regulated by the FCA and our Firm Reference Number is 656459. These details can be confirmed on the Financial Services Register at or by calling the FCA on 0845 606 1234.