Beazley launches enhanced coverage for small US healthcare businesses
Beazley, a leading provider of specialist medical professional liability insurance, has significantly expanded its coverage for small healthcare providers with new policy enhancements, increased standard coverage and best in class service levels. Policies now also include privacy breach response services provided through Beazley's dedicated breach response unit, which has helped clients recover from more than 3,500 data breaches.
Beazley's small business miscellaneous medical policy can be tailored to the needs of individual businesses. The enhanced policy form includes five different coverages - professional liability, general liability, product liability, employee benefits liability, privacy liability and breach response services - each with a separate limit, not eroded by the other coverages. Expanded coverages in the new core policy form include punitive damages, sexual misconduct, independent contractors and blanket coverage for additional insureds. The policy is available on an admitted or surplus lines basis and provides over $11 million in aggregate limit on every quote.
Beazley delivers superior turnaround time on quotes, with responses normally received in just a few hours. Beazley's comprehensive policy form is backed by an experienced team of dedicated miscellaneous medical underwriters located across the US. The enhanced form is now available for over 40 additional classes from acupuncturists to yoga instructors, with a particular focus on home healthcare, pharmacies and the majority of outpatient clinic services.
"The risks run by small healthcare providers are evolving rapidly and we have seen a strong desire among these business and their brokers to tailor coverage to meet the specific needs of individual businesses," said Jamie Orye, Beazley's private enterprise healthcare focus group leader. "We're continually looking for new ways to offer more coverage and top level service to our healthcare clients and broker partners."
Note to editors:
Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, the US, Latin America, Asia, the Middle East and Australia. Beazley manages six Lloyd's syndicates and, in 2015, underwrote gross premiums worldwide of $2,080.9 million. All Lloyd's syndicates are rated A by A.M. Best. Beazley's underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd's.Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.For more information please go to: www.beazley.com