Prosure MD
by Cansure
Healthcare Insurance
Life Science Insurance
CA$ 5M
CA$ 1,000
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, Yukon
Yes
- Business Interruption
- Clinical Trials Liability
- Product Liability
- Professional Liability
- Public Liability
- anesthetic technology
- analytical equipment
- cardio vascular equipment
- dentures
- drug delivery systems
- remote health monitory equipment
- hardware and ambulatory
- implantable devices
- sterilization equipment
- disease diagnostic testing systems
- medical imaging
Product Overview
Prosure MD by Cansure offers tailored insurance for businesses in the healthcare and life science fields. This product is built for companies that develop, manufacture, or distribute medical equipment and related technologies.
Coverage includes business interruption, clinical trials liability, product liability, professional liability, and public liability. The policy is designed for a wide range of medical products, such as anesthetic equipment, diagnostic systems, implantable devices, and medical imaging tools.
Prosure MD by Cansure is available in provinces and territories across Canada, with a $1,000 deductible. Only contracted insurance brokers can offer this coverage to clients.
This insurance is backed by Cansure’s expertise in commercial and professional risk solutions. Brokers can review the application form and factsheet in this page for more details or connect with an underwriter for further support.
About Prosure MD by Cansure
This product is available for clients located in British Columbia, Nova Scotia, Prince Edward Islands, and other provinces and territories across Canada. The policy features a $1,000 deductible and is available only through contracted insurance brokers.
This coverage is ideal for businesses working with drug delivery systems, remote health monitoring, and medical imaging. Companies using or producing hardware, ambulatory tools, and sterilization equipment also fit the target class.
Prosure MD by Cansure is backed by Cansure’s expertise in professional and commercial insurance. Brokers interested in offering this product can review the application form and factsheet for more details.
For more information or to get a quote, brokers can use the ‘Contact Underwriter for Quote’ function or explore the resources provided on the product page.
Prosure MD by Cansure FAQs
What line of business does the policy fall under?
Prosure MD by Cansure is part of both healthcare insurance and life science insurance. It is designed for businesses that develop, manufacture, or distribute medical and scientific products.
Can Prosure MD by Cansure be used by businesses outside of medical device manufacturing?
Yes, it is suitable for businesses in the broader healthcare and life science sectors. It includes those involved in diagnostic testing, drug delivery, and remote health monitoring.
What is the minimum deductible for claims under this policy?
The minimum deductible for Prosure MD by Cansure is $1,000 per claim or incident. This applies to all covered losses as outlined in the policy documents.
Does the policy offer protection for business interruption? /h3>
Yes, business interruption coverage is included. This helps businesses recover lost income if operations are disrupted by a covered event.
What documentation is needed to apply for the policy?
Applicants must complete the official Prosure MD by Cansure application form. The form collects business details, risk exposures, and other underwriting information.
Who is the provider of this product?
Cansure is the provider of this Prosure MD product. Cansure specializes in professional and commercial insurance solutions for Canadian businesses.
Is coverage available for implantable medical devices under Prosure MD by Cansure?
Yes, this Cansure policy covers implantable devices, including pacemakers and similar technologies. These are part of the target class for this insurance product.
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