Allied World Global Markets has introduced enhanced coverage options for hospitals and other healthcare organizations in the UK, Asia and Australia.
“The healthcare landscape is becoming increasingly complex,” said Peter Ford, senior vice president – Allied World Global Markets Healthcare. “There is a growing trend for public sector healthcare services to be provided by the private sector, and increasing consolidation with smaller practices joining together to provide more depth or breadth in the services they provide. There are also changes to employment models so that traditionally self-employed practitioners are now often on the pay roll of healthcare providers.”
Ford added that as a result, healthcare providers are facing new or greater exposures ranging from more staff requiring medical malpractice coverage to the increased risks from vertical integration and the provision of more non-clinical, professional services.
The Allied World product is based on a claims-made healthcare liability coverage which is designed to respond to healthcare providers’ core patient exposures. It also offers additional professional liability coverage to address the emerging non-medical malpractice exposures, and additional general liability coverage structured to provide coverage for day-to-day non-patient risks.
Other product features include automatic extensions to provide sub limited coverage for defense costs associated with a range of exposures, such as allegations of abuse, manslaughter, fraud and dishonesty, costs associated with court attendance, inquest and investigations, and public relations support in the event of a claim.
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of property, casualty and specialty insurance and reinsurance products.
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