U.S. Risk Offers ElderCare Legal Expense Reimbursement Policy

September 21, 2006

U.S. Risk Underwriters has introduced a new ElderCare Legal Expense Reimbursement policy for long-term care facilities, including skilled care, assisted living and continuing care retirement communities (CCRCs).

The policy reimburses these facilities for certain legal expenses that may be incurred in defense of a professional or general liability claim caused by a medical incident, event or offense. There is a deductible of $5,000 with limits up to $250,000.

“This defense-only policy is ideal for long-term care facilities that do not want to pay the high costs of traditional professional and general liability coverage, but want to protect their assets by having a reimbursement policy for legal expenses,” said Art Seifert, president of U.S. Risk Underwriters.

Coverage is available in all states except Florida, Mississippi and Alaska, and is written with an “A” rated carrier on a claims-made basis. No coverage is provided for loss or indemnity.

Agents and brokers looking for more information should contact U.S. Risk Underwriters in Dallas at 800-952-7738, Metro DC at 800-948-5800 or Houston at 800-833-8803.

Source: U.S. Risk Insurance Group

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