Dumont Insurance Brokers has available a very broad range of customizable insurance and risk management options for medical device manufacturers & distributors and life science companies. We seek to serve both generic and specialized pharmaceutical clients, biotech firms, and manufacturers of medical products, located in the US or worldwide.
Product Coverage – All your devices, instruments, drugs, and other technology for medical and biological purposes can be covered under one of our flexible plans, at any point of their use, anywhere on earth.
Masterful Underwriting – We sport a team of experts unparalleled in knowledge policy and liability for products. Because of this renowned staff, we craft plans that consistently outperform your greatest expectations.
High-Scope Loss Prevention – Highly particularized policies will go a long way toward minimizing or totally preventing losses in a lawsuit.
Lawsuit Protection – In the event of a suit from a client, peer, colleague, partner, or any other kind of associate, we have a squad of legal experts to protect your interests.
Industry Specific Paperwork – Our paperwork is specifically crafted for use in your particular scientific and industrial fields. We don’t think you’re cookie cutter companies, so we don’t use cookie cutter forms for your policies. It’s completely in line with our ability to custom craft our coverage for you.
We Give you 110% -- The entire team at Dumont Insurance Brokers works with the express intent of serving our customers to the highest degree of satisfaction. We will find any way possible to serve your needs fully, however much they may change over time.
Strong Representation – Lawsuits happen. We want to keep them as easy on you as possible, leveraging our skills and reputation to get the job done. Our team will do the following:
- When a claim comes in, we get the best team member on the job for you as claims manager in a short time.
- Allow you to make your claim in the easiest manner possible, enabling a variety of media for the task.
- Pick one from our stable of top notch attorneys, who will do everything possible to ensure that your case comes to a favorable conclusion.
Experienced Staff We are very particular about our jobs. We specialize in medical and life sciences, and keep our focus in that area.
Highly Selective Legal Panel If a lawyer wants to join our staff, he or she had better have an impressive resume. Only those with exceptional track records for suits in our particular field need apply.
Timely and Frugal Defense We’re here to defend you, not to milk you. We account for every dollar that we charge you, and keep things within your budget. Anything more, and we will consult with you before we continue.
Product Liability: Insurance Details
A Perfect Fit – Dumont Insurance Brokers Corp. product liability coverage is designed to fit like a glove for medical technology and life sciences companies.
Global Protection – We will protect your product anywhere in the world, to the fullest legal extent.
Associate Plans – We have additional coverage available for your colleagues, associates, partners, providers, and consultants. Sales reps, advisory boards, medical staffs, committees, coordinators, and vendors are all coverable.
Plans for Med Supply Sales and Service – Your entire sales and service staff is covered under our plan, with very few exceptions.
Acquisition and Merger Clauses – If any company you acquire or gain a majority stake within isn’t covered under a similar policy as ours, we will abridge it to our original plan for your company. This excludes LLC’s, partnerships, or joint-ventures.
Side Effect Coverages – Protection is available for side effects that users of your products may experience, so long as these side effects have been identified and disclosed through sufficient warning. So long as your product was cleared by the appropriate health regulatory board, all adverse reactions, side effects, and counterindications are covered in your policy.
Product Liability: Terms Features
Keep your Enterprise Airtight – Dumont Insurance Brokers Corp crafts their coverage form for products liability with your deepest requirements in mind, and the items therein will go a long way toward protecting your money and standing.
- High Dollar Threshold – Do you want a $10 million dollar policy limit? We can do that for you.
- Thorough, painstaking, and long discovery periods – It’s just how we do it. We don’t charge you any more for this; we just do the job the right way. It’s all part of our philosophy here.
- Clinical Trials Included – Any clinical trials are automatically covered in our insurance. The only exception would be in some international locations which require a separate, native policy.
- All Kinds of Products Covered – Biotech, Drugs, in Vitro, and the gamut of Medical Devices are all fair game for our plans. Whatever your business needs, we will craft a plan for it.
- Fair Use of Self-Insured Retentions – We serve you as soon as you contact us, so that you don’t lose any of your own money doing what we ought to be doing for you.
- Transparent Pricing – We heavily itemize all of our expenses for your services, so that you know exactly where your money is going.
- Conscientious Spending – Our company does not intend to bankrupt you, so we make sure that we are spending your policy in the wisest and most frugal way possible.
Doing it with a Purpose – We got into this because we didn’t like how things were going. Dumont was founded by a group of healthcare workers who knew exactly what kind of product liability policies were needed. We continue to offer the highest level of service to each one of our clients
Experts in our Field – The kind of knowledge we bring to the table can only come with decades of experience. We are specialists, and we are respected as experts in our field. And because we’re located under one roof, what you get on your side is more like a think-tank than an insurance company. Think about that for a minute…
- Our underwriters have a firm comprehension of product liability as it pertains to the medical and scientific industries.
- With the skill of actuaries, our underwriting staff makes exceptionally detailed risk assessments for our clients every day.
- They study your products thoroughly, inside and out, until they are as familiar with it as you are.
- They treat you with total courtesy and respect, and make sure that your experience with them is both satisfying and pleasant.
- Develop superior relationships with your broker in order to get things done effectively and quickly.
- Set rates according to a broad categorization, not just based on one product.
Personalized Insurance Policies
We serve you to the fullest extent all over the U.S.A. Our ability to create both admitted and non-admitted policies for our clients means that your policy from us is as unique as your needs. No matter how obtuse your situation may be, our pricing is fair and based on nothing more than your actual situation… no imaginary, far-fetched scenarios here. For more information, please contact us by phone or email.
About Dumont Insurance Corp.
Dumont Insurance Brokers Corp. – renowned for the cumulative industry knowledge, experience and insight of its staff, its close attention to customer care, and its innovative, automation-tinged model – was developed with a unique system underwritten by the most trusted and highest-rated carriers. This unique equation allows Dumont to provide customers with the very best, and most cost-effective, professional liability and E&O coverage, in spite of the ever-increasing hazards of a litigious society.