Beazley Remedy protects against directors' and officers' risks, antitrust risks, regulatory billing errors and omissions, employment practices liability risks, and fiduciary liability risks. It is the first of it's kind offering a standalone option for regulatory liability for governmental investigations into billing practices.
Hospitals and health systems, academic medical centers, long term care facilities and physician groups are among the healthcare providers eligible for enhanced regulatory liability coverage. Providers of a wide array of other healthcare services are eligible for the D&O, EPL and fiduciary liability coverage afforded under the policy.
- Directors and Officers Liability
- Affirmative antitrust language
- Failure to perform provider selection, credentialing or peer review activities
- Regulatory Liability
- Governmental return of funds claims including False Claims Act, Stark and anti-kickback allegations
- Civil fines and penalties coverage or defense only options
- Employment Practices Liability
- Flexibility in choice of counsel
- Broad definition of insured person including independent contractors, medical directors, staff physicians and faculty members
- Access to BeazleySure* loss control services for employment practices clients
- Fiduciary Liability
Up to US $10,000,000
From hospitals to health systems to physician centers, our appetite is vast. Click here to see the full list of our preferred classes of business.
Beazley Remedy forms
Wordings / policies
Coverage designed to respond to actions brought by, or on behalf of, government entities for billing errors and omissions.
Employee benefits programs such as health plans, pension plans and 401(k) accounts are set up by employers to help their employees protect their financial futures. Unfortunately, if these plans don't perform the way they are expected to, or when a problem arises in the administration of benefits, the company and the plan fiduciaries may find their own financial futures in jeopardy. Many don't realize that the individuals responsible for running benefit plans face personal liability in the event of a claim.
Employment Practices Liability
Beazley understands that managing your workforce is one of the biggest challenges healthcare organizations face every day. With ever changing laws, regulations and governmental oversight, organizations face the possibility of administrative actions or civil complaints. In 2014, the EEOC saw just shy of 89,000 charges filed. Almost daily there is news of large sum verdicts or settlements. From pre-claim loss mitigation services included within your Policy to superior claim handling, Beazley is here to protect you.
Directors and Officers Liability (D&O)
Directors and officers of healthcare providers have tremendous responsibilities to their patients, employees, creditors, bondholders, vendors and communities. With these responsibilities comes the pressure to deliver the highest quality care while also making difficult decisions to ensure the long term well-being of their facilities. These decisions could not only jeopardize the continuance of their facilities, but can also put their own personal assets at risk.