The Cost of Status Quo: Preventing Multi Million Dollar Gaps in Your Insurance Program
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MDMA Member-Only Webinar

4/23/2015
When: 4/23/15
3pm EST
Presenter: Alliant
Contact: Sheri DeVinney
202-354-7171


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On Thursday, April 23rd at 3pm ET, MDMA will host an important (no cost) webinar, "Preventing the Preventable: Why Medical Device Companies Need to Stress Test the UNKNOWN Vulnerabilities in Their Insurance/Asset Protection Programs Before the Wrong Claim Hits - What Medical Device Executives Need to Know", hosted by Alliant.

Far too many medical device companies ASSUME they are "Fully" covered only to find out after it's too late they have to come out of pocket millions of dollars for unfunded or underfunded claims. This webinar will address a broad range of common mistakes/pitfalls in selecting the right insurance broker/carrier relationships and common large dollar uninsured exposures. Alliant Insurance Life Science specialists will recommend best practices for preventing multi-million dollar gaps in coverage and will address the most optimal methods to reduce the likelihood of your balance sheet/profitability being adversely impacted.

Specific topics will include:

  • The Risk of Patent Infringement and Insurance Coverage (Yes, there is insurance for this exposure)
  • The Risk of Patent Abatement and Insurance Coverage (Yes, there is insurance for this exposure)
  • The Risk of Lost Income Caused by an Interruption in Your Supply Chain and the Pitfalls in Traditional Business Income Coverage
  • The Risk of Lost Income Caused by a Non Property Damage Business Interruption Claim (e.g. FDA Shutdown) and the Pitfalls in Traditional Business Income Coverage
  • Cyber Liability Exposures including HIPPA and Insurance Coverage
  • The Risk of Product Recall and the Pitfalls in Traditional Product Liability coverage
  • Directors and Officers Liability Exposures and Pitfalls in Coverage
  • Changing the Way Insurance is Viewed and Purchased to Optimize Asset Protection/Quality of Coverage

For an archived recording of this webinar, please contact Matt Cohn of Alliant Insurance at mcohn@alliant.com.