Beazley Group has introduced a new healthcare regulatory liability policy to protect policyholders against errors & omissions claims brought by or on behalf of governmental entities. Uniquely, the policy also responds to billing claims brought by commercial payors.
Coverage includes defense reimbursement and external forensic audit expenses. Unlike other forms, it also covers civil fines and penalties. The policy is available on a surplus lines basis with a limit capacity up to $10,000,000.
Beazley’s coverage protects providers against the consequences of a range of regulatory violations, including:
- Medicare and Medicaid billing investigations
- False Claims Act allegations
- Commercial Payor actions*
- Stark actions*
- EMTALA actions*
- HIPAA actions*
* Optional by endorsement