What we offer

Protection against medical professional liability exposures arising out of a wide range of healthcare related businesses, including hard to place risks. If you have an unusual healthcare risk, we can likely find a solution.  

The solution 

  • Beazley has been underwriting our Miscellaneous Medical Liability product for over fifteen years and our stability in the market is a reassurance that our team understands the nuances associated with this unique class of business. In addition to providing coverages that are standard in the marketplace for miscellaneous medical professional liability, Beazley policies offer some distinct benefits:  
  • Choice of ‘primary,’ ‘duty to defend’ and ‘pay on behalf of’ coverage for smaller risks that do not have access to the necessary claims handling expertise  
  • Claims cooperation/indemnification products available for larger risks with either in-house or appointed third party claims handling expertise, and the ability to fund significant self-insured retentions  
  • Both insurance and captive reinsurance solutions; these can be primary and/or excess follow form (subject to the underlying terms, conditions  
  • and carrier). 

 

Furthermore, Beazley Misc Med policy provides broad coverage that includes:  

  • A modular policy form that allows the Insured to choose a combinations of healthcare professional liability, sexual abuse liability, general liabilityproducts/completed operations liability, clinical trial liability and E&O (financial loss) coverages  
  • Excess/umbrella policies including auto, and employer’s liability  
  • Coverage for employed and contracted physicians 
  • Separate towers of liability 

Coverage on a 100% or quota-share basis 

Up to $25,000,000 limit capacity/$25,000 minimum premium 

How can we help

In addition to providing coverages that are standard in the marketplace for  healthcare professional liability, Beazley policies offer some distinct benefits:  

  •  Choice of ‘primary,’ ‘duty to defend’ and ‘pay on behalf of’ coverage for smaller risks that do not have access to the necessary claims handling expertise  
  • Claims cooperation/indemnification products available for larger risks with either in-house or appointed third party claims handling expertise, and the ability to fund significant self-insured retentions  
  • Both insurance and captive reinsurance solutions; these can be primary and/or excess follow form (subject to the underlying terms, conditions and carrier). 

Who we can help

Insurable risks include (but are not limited to):  

  • Tissue and organ procurement  
  • banking 
  • Clinical and reference labs,  
  • including forensic testing  
  • Healthcare staffing, home health,  
  • and hospice 
  • Diagnostic imaging services 
  • Allied healthcare schools 
  • Medi-spas  
  • Rehabilitation: alcohol and detox 
  • Ambulance: ground and air  
  • Urgent care, community and retail clinics 
  • Physical, occupational and speech therapy 
  • Retail and compounding pharmacies 
  • Foster, adoption and social services. 

 

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Where Is This Offered?

Worldwide

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The Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better.  A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond.  Simply put, at  Beazley we go to 11.  

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team.  Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Examples or Scenarios

An insured received a claim involving allegations of sexual assault during services it provided to a customer. The claimant alleged negligent hiring and retention against the insured.  The matter was resolved pre-lawsuit for a fraction of demand and avoided defense costs and litigation.

Disclaimers

The descriptions contained in this communication are for preliminary informational purposes and does not constitute an insurance policy. The coverages described are underwritten by underwriters at Lloyd’s of London issued through Beazley Canada Limited and may be unavailable or vary depending on applicable jurisdictional requirements. The exact coverage afforded by the product(s) described in this communication are subject to and governed by the terms and conditions of each policy as issued. The publication and dissemination of the information contained herein is not intended as a solicitation, negotiation, offer or advice relative to the purchase of insurance on any Canadian risk, and more particularly is not a solicitation, negotiation, offer or advice for the sale of insurance in Manitoba, Nunavut, the Yukon or Northwest Territories.

Your Beazley Team

 

Evan Smith

Evan Smith
Underwriters

Evan Smith

Focus Group Leader - Global Miscellaneous Medical Healthcare Specialty Risks

Chicago, IL, USA

+1 416-777-6884 Email Evan Smith View profile

Derek Dow

Derek Dow
Underwriters

Derek Dow

Focus Group Leader - International Miscellaneous Medical and Life Sciences

Vancouver, Canada

+1 604-235-3520 Email Derek Dow View profile

Florentina Cornea

Florentina Cornea
Underwriters

Florentina Cornea

Underwriter - Miscellaneous Medical & Life Sciences

Toronto, Canada

+1 416-777-6204 Email Florentina Cornea View profile

Natasha Prasad

Natasha Prasad
Underwriters

Natasha Prasad

Underwriter - Miscellaneous Medical & Life Sciences

Toronto

+1 416-777-6845 Email Natasha Prasad View profile