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Medical Equipment Insurance: Manufacturers, Dealers

Those that deal with medical equipment, otherwise known as DME (durable medical equipment), face unique risk exposures. In the event of a failure in a given product, manufacturers, sellers, renters and servicers may be liable for anything from property damage to bodily injury - and even death.

Medical Equipment Manufacturers Coverage
The risks associated with medical equipment manufacturing are established according to the type and manner in which each piece is used. Certain kinds can only be manufactured under strict sterile conditions.

Equipment can be used for life maintenance or utilization inside a hospital’s operating room as per the following categories:

  • Diagnostic
  • Therapeutic
  • Monitoring

Due to the possible serious consequences should equipment not operate as intended, related insurance is typically available subject to high limits requirements.


Medical Equipment Dealers Coverage

Medical equipment dealers conduct business by either renting and/or selling durable goods such as the following:

  • Wheelchairs
  • Oxygen equipment
  • Respiratory machines
  • Therapy tools
  • Orthopedic equipment

Understandably, it is the rental part of the business that is of significant concern to the insurance companies. This includes:

  • Lack of regular preventative maintenance and adherence to the manufacturer’s guidelines

  • Liability claims resulting from breakdown or malfunction of products in relation clients’ delicate physical nature

For more information on medical equipment manufacturer or dealer insurance, contact an experienced, independent agency.

PRIME Insurance is a 3-generation family-run independent agency. We’ve been appointed by the leading companies to deal directly with them, making us partners with the big industry names like ACE, ASI, ASSURANT, CHUBB, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and others. With thousands of satisfied customers, we benefit our clients by reviewing current coverage, and by shopping our extensive network to locate customized policies at competitively lowest quotes.

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Summary: Tailored to the durable medical equipment manufacturer, seller, renter or servicer, this form of insurance covers the unique risk exposure faced.


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