Medmarc Casualty Insurance Company is a company that provides insurance coverage and risk management solutions for manufacturers and distributors of medical technology and life sciences products.
It is a subsidiary of ProAssurance Corporation, a specialty insurer for healthcare professionals and facilities.
Medmarc Casualty Insurance Company was created in 1979 by the healthcare technology industry.
In this article, you will find all the information you need to know about Medmarc casualty insurance.
Contact information
| Category | Information |
|---|---|
| Phone Number | 1. 800-356-6886
2. 703-652-1300 |
| Address | 1. Headquarters: 100 E State St, Montpelier, VT, 05602-3112, United States
2. Office: 4795 Meadow Wood Lane, Suite 335 West, Chantilly, VA, 20151-2219, United States |
| Customer Service | Phone: The phone number provided
Email: customerservice@medmarc.com Website: Medmarc.com |
| Policy Details | Medmarc Casualty Insurance Company offers various types of insurance policies, such as:
Medical device liability insurance Clinical trials liability insurance Lawyers professional liability insurance Medtech innovator sponsorship Learn more on their website. |
| Email Addresses | 1. General Inquiries: customerservice@medmarc.com
2. Claims: claims@medmarc.com 3. Underwriting: underwriting@medmarc.com |
| Fax Number | 703-652-1301 |
| Operating Hours | Monday to Friday, 8:30 a.m. to 5:00 p.m. Eastern Time |
Medmarc Casualty Insurance Company claims
Medmarc Casualty Insurance Company is committed to handling claims efficiently and fairly.
They have a team of experienced and knowledgeable claims professionals who are dedicated to serving the needs of their insureds.
They also have access to a network of expert attorneys who specialize in defending medical devices and life sciences litigation.
Medmarc Casualty Insurance Company strives to resolve claims in the best interests of its clients while minimizing the impact on its business operations.
You can file a claim with Medmarc Casualty Insurance Company by following these steps:
- Contact your insurance agent or broker and inform them about the incident that may give rise to a claim.
- Provide them with the details of the incident, such as the date, time, location, parties involved, and any witnesses or evidence.
- Follow their instructions and cooperate with them throughout the claim process.
- You can also contact Medmarc directly by calling their toll-free number at 800-356-6886 or emailing them at claims@medmarc.com.
- You can also visit their website and fill out an online claim form.
Medmarc Casualty Insurance Company services
Medmarc Casualty Insurance Company offers more than just insurance coverage.
They also provide a range of value-added services to help their insureds manage their risk and enhance their performance.
Some of these services include:
- Loss control and risk management consulting
- Regulatory compliance and quality assurance guidance
- Product recall and crisis management assistance
- Clinical trials liability and indemnification support
- Educational webinars and seminars
- Industry news and insights
Medmarc Casualty Insurance Company payments
Medmarc Casualty Insurance Company makes it easy and convenient for their insureds to pay their premiums and access their account information.
They offer online payment options, such as credit card, ACH, and PayPal.
They also provide online billing statements, policy documents, and certificates of insurance.
Insureds can log in to their secure portal to manage their account and make payments anytime, anywhere.
Medmarc Casualty Insurance Company Ratings
Medmarc Casualty Insurance Company is a financially strong and stable company.
They have an A (excellent) rating from A.M. Best, the leading rating agency for the insurance industry.
They also have an A+ (superior) rating from the Better Business Bureau, the most trusted source for consumer reviews.
The company has a proven track record of delivering on its promises and satisfying its customers.
Medmarc Casualty Insurance Company careers
Medmarc Casualty Insurance Company is always looking for talented and motivated individuals to join their team.
They offer a rewarding and challenging work environment where employees can grow and develop their skills and potential.
They also offer a competitive and comprehensive compensation and benefits package, which includes:
- Health, dental, and vision insurance
- Life and disability insurance
- Retirement savings plan
- Employee stock ownership plan
- Paid time off and holidays
- Wellness Program
- Employee assistance program
You can check their website regularly for vacancies.
Medmarc Casualty Insurance Company offers affordable and competitive premiums for their insureds.
They use a variety of factors to determine the premium rates, such as:
- Type and size of the insured’s business
- Nature and scope of the insured’s products and services
- The insured’s loss history and claims experience
- Insured’s risk management and quality control practices
- The insured’s geographic location and target markets
- Insured’s coverage limits and deductibles
Medmarc Casualty Insurance works with each insured to find the best coverage and pricing options for their specific needs and budget.
Who owns Medmarc Casualty Insurance Company?
Medmarc Casualty Insurance is a wholly owned subsidiary of ProAssurance Corporation, a leading specialty insurer for healthcare professionals and facilities.
ProAssurance Corporation is a publicly-traded company listed on the New York Stock Exchange under the symbol PRA.
ProAssurance Corporation has a market capitalization of over $2 billion and annual revenues of over $800 million.
Medical device liability insurance
Medical device liability insurance is a type of insurance that covers the legal liability of manufacturers and distributors of medical devices and life sciences products.
It protects them from claims arising from bodily injury, property damage, or economic loss caused by their products or services.
It also covers the costs of defending against such claims, such as legal fees, settlements, and judgments.
Medical device liability insurance is essential for any business involved in the medical device and life sciences industries, as they face a high level of risk and exposure to litigation.
The industry is highly regulated and complex, and the products and services are often innovative and cutting-edge.
This creates potential errors, defects, malfunctions, recalls, and adverse events that could result in serious harm or loss to the users or third parties.
Medical device liability insurance can help mitigate the financial and reputational impact of such incidents and provide peace of mind and security to the insured.
Medmarc LinkedIn
Medmarc has an active and informative LinkedIn page, where they share their latest news, updates, events, and insights.
They also post relevant and useful content related to the medical device and life sciences industries, such as articles, blogs, podcasts, videos, and webinars.
Medmarc’s LinkedIn page is a great way to stay connected and informed about their company and the industry.
Medmarc Lawyers Professional
Medmarc Lawyers Professional is a division of Medmarc that provides professional liability insurance for lawyers and law firms.
It covers the legal liability of lawyers and law firms for errors, omissions, or negligence in performing their professional services.
It also covers the costs of defending against such claims, such as legal fees, settlements, and judgments.
Medmarc Lawyers Professional is designed to meet the specific needs and challenges of lawyers and law firms, especially those who practice in the areas of medical device and life sciences law.
It offers a range of coverage options, such as:
- Claims-made or occurrence policies
- Prior acts coverage
- Extended reporting period
- Consent to settle clause
- Innocent insured protection
- Cyber liability coverage
- Regulatory proceedings coverage
- Subpoena assistance coverage
Medmarc Lawyers Professional is a trusted and reliable partner for lawyers and law firms, as they have a deep understanding and expertise in the medical device and life sciences industries.
They also have access to a network of skilled and experienced attorneys who specialize in defending professional liability claims.
ProAssurance
ProAssurance is the parent company of Medmarc and a leading specialty insurer for healthcare professionals and facilities.
The company’s mission is to protect and defend the reputations of its insureds and to support their efforts to deliver quality care and service.
ProAssurance offers a wide range of insurance products and services, such as:
- Medical professional liability insurance
- Workers’ compensation insurance
- Healthcare liability insurance
- Legal professional liability insurance
- Cyber risk insurance
- Risk management and consulting services
The company has a strong and spread-out investment selection of businesses, with over 50,000 insured and over $3 billion in assets.
ProAssurance has an A+ (superior) rating from A.M. Best and an A- (strong) rating from Standard & Poor’s.
ProAssurance is a leader and innovator in the healthcare liability insurance industry and a trusted and respected partner for its insureds.
Conclusion
Medmarc Casualty Insurance Company is a leader in medical device liability insurance and a partner of choice for manufacturers and distributors of medical technology and life sciences products.
They offer comprehensive and customized coverage solutions, as well as value-added services and resources, to help their insureds manage their risk and enhance their performance.
They are part of the ProAssurance family of companies and a sponsor and supporter of the medtech innovator community.
Be sure to follow our blog page for more interesting articles on various insurance companies.
I am Evans, an insurance expert with a deep-rooted passion for helping people understand the world of insurance. With about 2 years of experience, I’ve dedicated my career to simplifying complex insurance concepts and providing tailored solutions. I have the knowledge and expertise to guide individuals and businesses in making informed insurance decisions, thanks to my educational background in finance and risk management and my Bachelor’s degree in Insurance and Risk Management from Columbia University. I believe that insurance is not just about policies; it’s about safeguarding dreams and ensuring financial security. I’m committed to sharing my insights and knowledge to empower others to protect what matters most.