OneBeacon Professional Partners, a member of OneBeacon Insurance Group, launched two new management liability insurance products for health care organizations and nonprofit organizations.
The Health Care Organization Management Liability product offers coverage to a variety of private and nonprofit organizations that offer health care services including: hospitals and health care facilities, long-term care facilities, managed care organizations, physicians and medical groups, and miscellaneous medical facilities. The Not-for- Profit Organization Management Liability product is available for nonprofit organizations of all types and sizes, regardless of financial size or employee count.
Both products are modular in nature and offer four lines of coverage: directors, officers and organization liability, employment practices liability, fiduciary liability, and crime coverage. The products offer up to $20 million in capacity, with primary and excess options available.
Stacy Kniffen, assistant vice president of management liability for OneBeacon Professional Partners, said, both products are flexible, and allow clients to design programs to meet their individual needs. “We also offer the choice of separate limits for all coverage sections, or the ability to share limits among the liability coverage sections – and one convenient application for all coverages.”
Source: OneBeacon Insurance Group
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