IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced an endorsement on excess policies for its emerging infectious disease business interruption coverage.
The drop-down coverage option will reimburse insureds for business income loss as a result of an infectious disease event, such as Ebola, HIV/AIDS, Influenza A (H5N1), or Legionella in their facility. Coverage will be underwritten for additional limits of up to $3 million above the underlying policy limit.
Infectious disease incidents can occur in any healthcare facility that can generate significant loss of income. IronHealth has developed the new policy endorsement, providing reimbursement to help minimize resultant financial loss for insured hospitals, health systems, long term care facilities, group physician practices and miscellaneous medical facilities.
Ironshore provides broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its multiple international platforms.
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