IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced its “LeadingEdge” policy for hospitals and integrated health care systems. IronHealth has developed the policy in response to the ongoing consolidation and evolution of healthcare business models to extend a new approach to insure emerging liability exposure. LeadingEdge is a comprehensive lead excess policy with coverage limits up to $15 million, attaching over a minimum $1 million self-insured retention.
“Health delivery in the United States is undergoing unprecedented change with the advent and implementation of accountable care standards and other care-coordination vehicles,” stated Matt Dolan, president of IronHealth. “Our new LeadingEdge policy addresses the growing liability exposures faced by today’s rapidly changing healthcare industry.”
IronHealth’s LeadingEdge insurance policy offers professional and general liability coverages, addressing a range of recognized, diverse liability risks within the sector. Coverage includes emerging infectious disease business interruption insurance, government regulatory billing errors & omissions and managed care errors & omissions. IronHealth will continue to underwrite charitable services Professional liability coverage for insured individuals who provide medical services worldwide, with limits up to $1 million. The policy form also offers a drop-down suite of additional coverages, including reimbursement of expenses incurred for personal information protection, evacuation, disinfection, medical waste civil fines and penalties, and legal defense, among others.
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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