Travelers Expands Coverage for Healthcare Organizations

May 25, 2011

Travelers has unveiled new property coverages through its IndustryEdge product for healthcare organizations.

New coverages include:

  • Ordinance or Law – Communicable Disease Contamination Coverage –
    This coverage pays the costs incurred to clean up and remove communicable disease contamination from a premise when mandated by an ordinance or law.
  • Condemnation of Medical Property –
    This coverage pays for loss of visibly undamaged medical property that a government regulatory authority has condemned as a direct result of a covered cause of loss.
  • Unintentional Errors or Omissions – Failure to Report Locations –
    This coverage is extended when the insured unintentionally fails to report a location at the inception date of the policy period, or to report a newly acquired location after the automatic coverage period expires.

Available through Travelers’ network of independent insurance agents and brokers, the IndustryEdge product for Healthcare Organizations has an appetite for:

  • Outpatient facilities including medical offices, clinics, laboratories, diagnostic centers and ambulatory surgical centers.
  • Inpatient facilities including hospitals, nursing homes and other elder-care facilities.

Tailored coverages already available through the IndustryEdge product for healthcare organizations include:

  • Automobile – coverage for both non-emergency and emergency ambulances, passenger vans and mobile medical units.
  • Property – coverage for Emergency Evacuation Expense, Personal Property of Patients and Residents, and Radioactive Contamination.
  • Inland Marine – coverage for Mobile Medical Diagnostic Imaging Equipment.
  • General Liability (for Outpatient providers) – worldwide coverage territory provides indemnity protection for foreign suits and repatriation/transportation expenses. Coverage for damage to leased premises includes all perils, and coverage extends to mobile medical units.
  • Workers Compensation – guaranteed cost options available for outpatient providers with loss-sensitive options for inpatient providers.
  • Umbrella – excess limits available for outpatient providers.

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