Illinois-based RLI announced a new non-profit healthcare organization and executive liability policy, which will include expanded coverage and simplified policy language.
“Our contract will be shorter â€” more concise â€” which should alleviate a major point of frustration for risk managers and general counsels at many hospitals. Some of our competitors’ policy forms tip the scales at more than 30 pages. Our new form will be less than half that amount, while offering similar or superior coverage,” said RLI Executive Product Group Vice President A. Q. “Skip” Orza.
The new policy is expected to be filed in the fourth quarter of this year.
RLI is targeting any 501(c)(3) and 501(c)(4) non-profit healthcare organizations, and offers limits up to $25 million.
RLI is a specialty insurance company serving “niche” or underserved markets.