ACE Expands Liability Coverage for Assisted Living, Long Term Care Facilities

ACE Group has introduced four new medical liability coverage endorsements, designed to provide more comprehensive protection to the expanding long term care healthcare sector.

The new endorsements include: media event expense; disciplinary proceeding defense; emergency evacuation expense; and patient property damage coverages. These are available for skilled nursing facilities, assisted living facilities, independent living units, and continuing care retirement communities.

Designed to supplement ACE’s current long term care facilities professional and general liability product offerings, the endorsements offer reimbursement for unplanned expenses that long term care entities may face if a harmful event occurs.

The new long term care facility endorsements include the following coverages and benefits: (Limits up to $25,000; additional limits may be available based upon our underwriting guidelines and account characteristics):

ACE Medical Risk Group offerings include primary and excess medical professional liability for hospitals, and miscellaneous healthcare facilities, and managed care errors and omissions coverage. In addition, ACE offers products liability for clinical trials, biotechnology, and specialty pharmaceutical companies, as well as a comprehensive package policy that includes property, auto and crime coverages through its Life Sciences unit.

Insurance is provided by insurance companies within ACE Group. All products may not be available in all jurisdictions.