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.
The healthcare environment is rapidly changing and presenting new and unique exposures on a daily basis. Beazley Remedy is the newest offering that gives directors and officers the coverage they require to operate their facilities while also giving them peace of mind knowing that they are adequately covered and protected in this ever changing healthcare landscape. Beazley Remedy offers coverage against a wide range of potential healthcare specific claims while also offering a wide array of coverage enhancements.
- Affirmative antitrust terms
- Affirmative provider selection terms
- Additional Side A Limits available
- Derivative demand sublimit
- Outside directorship coverage
- Whistleblower carveback to pollution exclusion
- Insured vs. insured carveback for foreign claims
- Creditor committee carveback
- IRS Fines & Penalties
- Former Director carveback of 3 years
- Claim definition includes search warrants
- Tax exempt bond carveback
Risk Management Tools
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).