Shand Morahan & Co., Inc. and AVRECO recently announced a partnership in a new risk management program aimed at Midwest hospitals. The Heartland Healthcare Hospital Program (3HP) offers Midwest community hospitals with fewer than 150 beds comprehensive professional liability insurance that includes a risk management component.
Emmi was created by Emmi Solutions LLC, and provides access to web-based interactive programs that help hospitals reduce claims and promote patient safety.
Shand provides the new Heartland Healthcare Hospital program with claims-made insurance coverage with limits of $1million/$3 million per location, and a $5,000 minimum deductible. Companion coverage is also available, including staff physicians, errors and omissions and long-term care. In addition, Shand Morahan will contribute 2 percent to each participating hospital to offset the cost of the Emmi programs.
AVRECO has offices in Chicago and California, and identifies itself as one of the largest independent insurance wholesalers in the United States. AVRECO specializes in niche business, including medical malpractice and professional liability insurance.
A subsidiary of the Markel Corporation, Shand Morahan & Company, Inc. underwrites coverages tailored to offer insurance solutions for highly specialized professionals including medical professionals and others.
Source: AVRECO
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