When it comes to safeguarding your life science company, at MFL Insurance Group Limited we believe Directors’ & Officers’ (D&O) Liability insurance is essential. Directors’ and Officers’ liability insurance covers the cost of compensation claims made against your business’ directors and key managers (officers) for alleged wrongful acts. Wrongful acts include: However, some D&O insurers […]

The MedTech industry faces a unique and complex landscape of risks, ranging from property damage and product liability to data breaches and intellectual property disputes. Effectively managing these risks is crucial for the success and longevity of any MedTech company. This guide provides an overview of essential insurance solutions designed to protect MedTech businesses and […]

Cyber insurance can be expensive, and it can be difficult to get the best terms. Here are a few tips on how to get better cyber insurance terms from an insurer.

Cyber insurance is increasingly recognised as essential for businesses in all sectors, but for UK life science companies, a standard policy may not provide the necessary protection. One critical gap lies in how most cyber policies are triggered: they focus on financial losses, often overlooking the potential for bodily injury caused by a cyber incident. The Financial Trigger […]

As in previous years and rather timely this Autumn, following the October Budget we take another look at valuation work and Professional Indemnity insurance (PII), specifically highlighting how your Practice might alleviate any potential nervousness caused by the Budget announcements on Agricultural Property Relief and Business Property Relief. Material Uncertainty Clauses? A material uncertainty clause […]

RICS PII Consultation – Might This Impact Your Practice? We had hoped to bring members news of any confirmed changes to the RICS Approved Minimum Wording for Professional Indemnity Insurance (PII) within our Spring bulletin. These amendments, highlighted within the RICS Consultation document, were due to be in place by 1st April though, at the […]