There are over 5,500 hospitals in the US, and Beazley insures many of the best. These include over a quarter of Healthgrades' top hospitals in the US and six (out of 20) of the top adult honor roll hospitals and five (out of 11) of the pediatric honor roll hospitals as listed by US News and World Report. We work closely with our insureds to help them achieve the highest possible patient safety standards.
Beazley policies provide broad coverage that includes:
- Full spectrum of hospital risks insured, from small community through to major tertiary urban teaching institutions
- Coverage for hospital professional, general and umbrella liability (including executive lines)
- Employed physicians and residents
- Non-employed physicians in certain instances
- Clinical trials
- Managed care liability
- Broad medical incident language (i.e. multi-claimant events)
- Aggregate retentions (subject to the application of a maintenance deductible).
We will pay these losses:
Subject to the terms and conditions of the actual policy, we will pay claims for:
- Damages awarded against the assured
- Defense costs and expenses
Up to US $20,000,000
Larger entities managing their own claims and seeking excess protection
Improving patient safety
- Quality Indicator Return Premium (QuIRP) Program
- Beazley partners with AI technology specialist PeriGen on obstetric safety program
- Patient Consent Solutions
- Clinical Crisis Early Warning
Beazley's QuIRP program is unique in the medical malpractice market. Instead of working from industry-wide quality benchmarks (which frequently conflict with one another), Beazley adopts a tailored approach to the circumstances and needs of each individual client. At the beginning of the policy period, Beazley agrees with the client on a set of target quality improvements. If these targets are met by the end of the policy period, the client will receive a pre-agreed return premium, which may be a substantial sum.
Under the QuIRP program, a client can receive a payment even if it has made a claim during the policy period. No quality measures can guarantee impunity from lawsuits, but through the QuIRP program Beazley seeks to institutionalize procedures that, over time, should reduce claims.
Since the inception of the QuIRP program, Beazley has returned over $10,000,000 in premium due to quality improvements put in place by the insureds.
QuIRP Return Premium Counter
Healthcare providers participating in Beazley’s Quality Indicator Return Premium (QuIRP) program can now choose to incorporate an artificial intelligence-powered early warning system for labor and delivery into their risk management program.
The technology, developed by North Carolina-based AI developer PeriGen, aims to significantly reduce unanticipated adverse events.
PeriGen’s PeriWatch Vigilance system works alongside existing electronic fetal monitors and assesses long-term trends in fetal heart rate, contractions, maternal vitals and labor progress to provide bedside clinicians with a steady, real-time flow of risk management information. PeriWatch Vigilance also provides telemedicine tools allowing a single patient safety clinician to provide ‘safety net’ monitoring across an entire network of hospitals.
Beazley’s Quality Indicator Return Premium (QuIRP) program helps clients to improve their risk management procedures and patient outcomes by setting target quality improvements. Clients that are eligible for QuIRP can apply to have Perigen adoption qualify for part of their potential QuIRP premium return, thereby helping to fund an investment in the technology.
For further information, please contact Matt McCullaugh.
Beazley recognises that the benefits of engaging patients in taking an active role in their care include increased patient safety and risk mitigation.
Enhanced informed patient consent through Emmi Solutions offers a range of online programmes designed to improve and record patient understanding of their recommended medical procedures. Healthcare organizations nationwide use Emmi's web-based education programs to engage patients and positively impact the patient experience across the continuum of care. Informed patient consent is a critical risk management precaution, and Emmi's programmes help ensure that consent is secured.
Hospitals that utilize Emmi Solutions' interactive healthcare education programs could be entitled to receive a portion of the premium paid for their medical malpractice insurance back at the end of the policy period.Information about Emmi Solutions is available here: http://www.emmisolutions.com/.
Beazley promotes the innovative monitoring of hospital patients to provide early warning of clinical crises through OBS Medical's Visensia® technology.
Recognised by Frost and Sullivan as a 2008 North American Technology Innovation award winner, OBS Medical's Visensia monitoring technology provides early warning of clinical crises. Visensia fuses data from multiple vital signs into a numerical index of a patient's wellness. When the predictive index reaches or surpasses a set threshold, an alert is triggered, indicating a patient may be at greater risk of deterioration.
Beazley has acknowledged that this type of technology may be beneficial in promoting better patient outcomes. Hospitals implementing Visensia in a manner approved by Beazley's underwriters will be entitled to receive reimbursement of a portion of the premium paid for their medical malpractice insurance back at the end of the policy period.The story behind OBS is a fascinating one - its technology is an adaptation of techniques originally used to monitor jet engines in aircraft - and can be read here: https://www.oxford-biosignals.com/.Detailed information about how Visensia works can be read here: http://www.obsmedical.com/.
Hospital Professional Liability team
Claims Team Leader - Global Small Business
New York, NY, USA
+1 212 801 7181ryan.cleary
Claims Focus Group Leader - Miscellaneous Medical & Life Science
New York, NY, USA
+1 212 801 7159keri.marmorek
Focus Group Leader - US Hospitals
+44 207 674 7299matt.mccullaugh
Hospital Professional Liability forms
The descriptions contained on this website are for preliminary informational purposes only. In the US, the product may be available on an admitted basis in some but not all jurisdictions through Beazley Insurance Company, Inc. In other US jurisdictions, the product is underwritten by Beazley syndicates at Lloyd's and is available only on a surplus lines basis through licensed surplus lines brokers. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk.
Except where products are issued by Beazley Insurance Company, Inc., coverages are underwritten by Beazley syndicates at Lloyd's and will vary depending on individual country law requirements and may be unavailable in some countries. The exact coverage afforded by the products described herein is subject to and governed by the terms and conditions of each policy issued.
Some coverages are made available through Beazley USA Services, Inc., which is a service company that is a part of the Beazley Group and has authority to enter into contracts of insurance on behalf of the Lloyd's underwriting members of Lloyd's syndicates 623 and 2623 which are managed by Beazley Furlonge Limited. Beazley USA Services, Inc. is licensed and regulated by insurance regulatory authorities in the respective states of the US and transacts business in the State of California as Beazley Insurance Services (License#: 0G55497).