Allied Launches New Medical Suite Package
Allied World Assurance Company Holdings, AG announced today that Allied World North America has launched a new package product solution for miscellaneous medical facilities. The Allied World Miscellaneous Medical Suite℠ offers medical malpractice, management liability, and privacy and network security coverage.
The Suite’s medical malpractice coverage for miscellaneous medical facilities offers professional liability, general liability [claims made and occurrence] and additional coverage for sexual misconduct, disciplinary proceedings, lost earnings and medical payments. Management liability includes directors and officers, employment practices and fiduciary liability coverages, antitrust exposures, third party liability and outside directorship liability.
Privacy and network security offers coverage for liability and expenses associated with the compromise of sensitive information and information systems, and provides up to the full limit coverage for regulatory defense, fines and penalties [if insurable]. Additionally, the product provides notification and credit monitoring costs coverage for a number of individuals, as well as access to breach response vendors such as Lewis Brisbois Bisgaard & Smith, LLP, AllClearID and NetDiligence, who have successfully handled thousands of data breach cases.
Susan Chmieleski, President, Healthcare, Allied World North America commented, “In the current healthcare environment, companies and executives face a host of new risks and challenges. Our comprehensive suite of products offers the highest level of protection across a broad spectrum of exposures faced by miscellaneous medical facilities. The suite of products makes buying insurance protection flexible and easy, coordinates coverage to address key coverage needs, and simplifies claims handling in the event of a claim. Policyholders also have access to industry-leading risk management services for each of the coverages.”
