Beazley insures many of the largest and most prestigious hospitals in the United States, as well as a wide range of miscellaneous medical service providers such as blood and tissue banks and clinical research organizations.
Our insureds include eleven (out of 18) of the honor roll hospitals and seven (out of 10) of the pediatric honor roll hospitals as listed by US News and World Report. In addition 27% of HealthGrades America's best hospitals award recipients 2013.
Medical liability awards in the US continue to increase at a pace far in excess of inflation. Following the widely publicized findings of organisations such as the Institute of Medicine, there is also a greater public awareness of the fallibility of medical providers. Together, these developments mean that the liability challenges faced by healthcare organisations are greater than ever.
However, there is strong evidence to suggest that exposures can be mitigated by a top-down commitment to quality and patient safety, as well as investment in proven medical information technologies. We work with such quality healthcare providers to design coverage that rewards their diligence and responds to their needs.
Healthcare organisations that routinely hold and process large volumes of personal data find themselves at increasing risk of unauthorised data breaches resulting in privacy and information exposures. In response to this, Beazley has developed Beazley Breach Response, a unique insurance, loss control and risk mitigation service tailored to the needs of healthcare organisations in the United States.