Insurance Program Results
Surging Provider Excess
With the resurgence in capitated payment models, expect more carriers to launch provider excess insurance and HMO reinsurance products this year to meet demand for coverage. The surge in demand sparks interest among reinsurers, med mal writers, and accident and health carriers, some of which already have their toes in the managed care world. New markets will find opportunities to grow organically with little competitive pressure; only a handful of carriers are active in the PEI market.
Many hospitals and integrated health systems are becoming health insurers themselves, putting them at further financial risk and in need of coverage. Demand will also grow as more health systems and providers switch from fee-for-service to pay-for-performance payment models, and the PEI market could come close to $300 million in premium heading into next year. (6-9-14)
Beazley Breach Response Select
Administered By: Beazley
Distribution: Direct/Broker
Industries: |
Accountable Care Organizations (ACOs), Acupuncturist, Allied Health, Art Galleries/Fine Art/Museums/Antique Dealers, Assisted Living Facilities, Chiropractors, Civic Clubs (Nonprofit), Colleges & Universities, Continuing Care Retirement Communities (CCRCs), Day Spas, Dentists, Education & Nonprofit, Emergency Response Services (Ambulance), Gastroenterologist, Health Maintenance Organization (HMO), Healthcare Systems, Hospice, Hospitality (Hotels/Motels), Hospitals, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Independent Living Facilities, Laboratories, Lawyers, Long-Term Care Facilities (LTC), Managed Care Organizations, Massage Therapy/Therapists, Mental Health/Behavioral (Counseling/Counselors), Midwives, Non Emergency Transportation (Medical), Nurse/Staffing Registries, Nursing Homes/Skilled Nursing Facilities, Opticians, Pharmacies, Pharmacists, Physicians, Podiatrists, Private/Charter Schools, Psychiatric Facilities/Hospitals, Psychologists, Rehabilitation Facilities, Research/Research Organizations (Clinical, Etc.), Retail, Schools, Schools (Adult Education), Substance Abuse Rehabilitation Facilities & Services, Surgeons, Therapy/Therapists, Weight Loss Clinics |
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Carriers: Beazley Insurance Co. Inc.
Coverage: Cyber Liability, Excess, Umbrella/Excess
Limits: up to $5 million
Management Liability-Healthcare Organizations
Administered By: Beazley
Distribution: Direct/Broker
Industries: |
Accountable Care Organizations (ACOs), Directors & Officers (D&O), Health Maintenance Organization (HMO), Healthcare Systems, Hospitals, Long-Term Care Facilities (LTC), Research/Research Organizations (Clinical, Etc.) |
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Carriers: Beazley Insurance Co. Inc.
Coverage: Directors & Officers (D&O), Employment Practices Liability (EPL), Excess, Fiduciary Liability, Umbrella/Excess
Limits: up to $20 million
Custom Accounts & Asset Protections Solutions
Administered By: Ironshore
Distribution: Direct/Broker
Industries: |
Accountable Care Organizations (ACOs), Assisted Living Facilities, Health Maintenance Organization (HMO), Healthcare Systems, Hospitals, Life Sciences, Long-Term Care Facilities (LTC), Managed Care Organizations, Nursing Homes/Skilled Nursing Facilities, Physicians, Research/Research Organizations (Clinical, Etc.) |
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Carriers: Ironshore Inc.
Coverage: Excess, General Liability, Professional Liability, Umbrella/Excess
Limits:
Integrated Delivery Organizations
Administered By: Ironshore
Distribution: Direct/Broker
Industries: |
Accountable Care Organizations (ACOs), Directors & Officers (D&O), Health Maintenance Organization (HMO), Healthcare Systems, Integrated Delivery Organizations |
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Carriers: Ironshore Inc.
Coverage: Cyber Liability, Directors & Officers (D&O), Employment Practices Liability (EPL), Excess, Fiduciary Liability, General Liability, Professional Liability, Umbrella/Excess
Limits: up to $25,000,000 Aggregate (Primary Basis), up to $5 million (Per Coverage Part)
Managed Care Organizations
Administered By: TDC Specialty Underwriters
Distribution: Carrier Direct
Industries: |
Behavioral/Mental Health Organizations, Health Maintenance Organization (HMO), Healthcare Systems |
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Carriers: TDC Specialty Insurance Co.
Coverage: E&O
Limits: up to - $15 million (Primary & Excess)
Provider Excess Insurance
Administered By: Ironshore
Distribution: Direct/Broker
Industries: |
Health Maintenance Organization (HMO), Hospitals, Physicians |
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Carriers: Ironshore Inc.
Coverage: Provider Excess/Stop Loss
Limits: $250,000 - $5,000,000 (Depends on coverage design and scope of services in provider's capitation contract.)
Accountable Care Organizations
Administered By: NAS Insurance Services
Distribution: MGA
Industries: |
Accountable Care Organizations (ACOs), Health Maintenance Organization (HMO) |
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Carriers: Lloyd's of London
Coverage: Professional Liability
Limits: up to $1,000,000 (Cyber Liability), up to $1,000,000 (MEDEFENSE Plus (for billing errors)), up to $5,000,000 ( E&O and D&O)
Accountable Care Organizations
Administered By: Allied World
Distribution: Direct/Broker
Industries: |
Accountable Care Organizations (ACOs), Directors & Officers (D&O), Health Maintenance Organization (HMO) |
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Carriers: Allied World Assurance Co.
Coverage: Crime, Cyber Liability, Directors & Officers (D&O), Employment Practices Liability (EPL), Errors & Omissions (E&O), Excess, Fiduciary Liability, Professional Liability, Regulatory Claims, Umbrella/Excess
Limits: up to $25,000,000 (Per Coverage Section)
Crime and Fidelity Insurance
Administered By: Argo Pro
Distribution: Direct/Broker
Industries: |
Accountable Care Organizations (ACOs), Health Maintenance Organization (HMO) |
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Carriers: Argo Group US Inc.
Coverage: Computer Fraud, Theft, Wrongful Acts
Limits: Up to - $15 Million
Employment Practices Liability
Administered By: NAS Insurance Services
Distribution: MGA
Industries: |
Accountable Care Organizations (ACOs), Acupuncturist, Allied Health, Builders Risk/Home Builders, Chiropractors, Commercial Real Estate, Commercial Real Estate (Industrial), Commercial Real Estate (Office), Commercial Real Estate (Retail), Contractors, Dentists, Farm/Ranch/Agribusiness, Health Maintenance Organization (HMO), Healthcare Systems, Hospitals, Long-Term Care Facilities (LTC), Manufacturers/Manufacturing Risks, Massage Therapy/Therapists, Opticians, Pharmacies, Physicians, Podiatrists, Psychologists, Real Estate Agent/Broker, Real Estate Appraiser, Research/Research Organizations (Clinical, Etc.), Therapy/Therapists |
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Carriers: Lloyd's of London
Coverage: Employment Practices Liability (EPL)
Limits: $100,000 - $2 million
Excess D&O (Healthcare Organizations)
Administered By: Allied World
Distribution: Direct/Broker
Industries: |
Accountable Care Organizations (ACOs), Directors & Officers (D&O), Health Maintenance Organization (HMO), Healthcare Systems |
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Carriers: Allied World Assurance Co.
Coverage: Directors & Officers (D&O), Excess, Umbrella/Excess
Limits: up to $25,000,000 (Admitted basis)
Executive ForceField® - Side A D&O Excess & Lead DIC
Administered By: Allied World
Distribution: Direct/Broker
Industries: |
Accountable Care Organizations (ACOs), Directors & Officers (D&O), Health Maintenance Organization (HMO), Healthcare Systems |
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Carriers: Allied World Assurance Co.
Coverage: Directors & Officers (D&O), Excess, Umbrella/Excess
Limits: up to $25 million
ForceField® D&O for Healthcare Organizations
Administered By: Allied World
Distribution: Direct/Broker
Industries: |
Accountable Care Organizations (ACOs), Directors & Officers (D&O), Health Maintenance Organization (HMO), Healthcare Systems |
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Carriers: Allied World Assurance Co.
Coverage: Directors & Officers (D&O), Excess, Umbrella/Excess
Limits: up to $25,000,000 (Primary)
ForceField® EPL for Healthcare Organizations
Administered By: Allied World
Distribution: Direct/Broker
Industries: |
Accountable Care Organizations (ACOs), Health Maintenance Organization (HMO), Healthcare Systems |
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Carriers: Allied World Assurance Co.
Coverage: Employment Practices Liability (EPL), Excess, Umbrella/Excess
Limits: up to $25,000,000 (Primary)
ForceField® Package for Healthcare Organizations
Administered By: Allied World
Distribution: Direct/Broker
Industries: |
Accountable Care Organizations (ACOs), Health Maintenance Organization (HMO), Healthcare Systems |
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Carriers: Allied World Assurance Co.
Coverage: Excess, Management Liability, Umbrella/Excess
Limits: up to $25,000,000 (For each coverage part)
Managed Care E&O
Administered By: Allied World
Distribution: Direct/Broker
Industries: |
Health Maintenance Organization (HMO), Managed Care Organizations |
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Carriers: Allied World Assurance Co.
Coverage: Errors & Omissions (E&O), Excess, Umbrella/Excess
Limits: up to $25,000,000
Miscellaneous E&O For Healthcare Consultants
Administered By: NAS Insurance Services
Distribution: MGA
Industries: |
Consultants/Consulting Risks, Health Maintenance Organization (HMO), Managed Care Organizations, Medical Directors |
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Carriers: Lloyd's of London
Coverage: Errors & Omissions (E&O)
Limits: up to $100,000 (e-MD Cyber Liability ), up to $2 million/$2 million
Accountable Care Organizations
Administered By: CNA
Distribution: Carrier Direct
Industries: |
Accountable Care Organizations (ACOs), Health Maintenance Organization (HMO) |
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Carriers: CNA Insurance Cos
Coverage: Cyber Liability, Directors & Officers (D&O), Errors & Omissions (E&O), Excess, Umbrella/Excess
Limits:
ACE Express® Private Health Care Protection Policy
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
Industries: |
Accountable Care Organizations (ACOs), Directors & Officers (D&O), Health Maintenance Organization (HMO), Healthcare Systems, Hospitals, Long-Term Care Facilities (LTC), Physicians |
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Carriers: ACE Group
Coverage: Crime, Directors & Officers (D&O), Employment Practices Liability (EPL), Excess, Fiduciary Liability, Umbrella/Excess
Limits: up to $25,000,000
ACE Privacy Protection®
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
Industries: |
Accountable Care Organizations (ACOs), Banks, Financial Institutions, Health Maintenance Organization (HMO), Healthcare Systems, Private Companies, Public Companies , Retail |
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Carriers: ACE Group
Coverage: Cyber Liability, Excess, Umbrella/Excess
Limits: up to $20 million