We are pleased to announce significant enhancements to CNA Hardy’s Medical Liability healthcare package allowing more flexibility for clients and extensions for automatic coverage meaning our clients can get on with delivering safe and effective healthcare, knowing their insurance is flexing with them.
Rhonda Buege, Head of Specialty said:
“Our Healthcare team has worked closely with clients, other industry professionals, and Legal experts to better define the risks that healthcare professionals face in this rapidly evolving market, and tailor our package so it is relevant, cutting edge, and responsive.”
Major enhancements to the Medical Liability healthcare package include:
• Business Growth Coverage – our Healthcare package allows automatic coverage as businesses grow organically, by tender bids and through acquisitions. Any newly acquired subsidiary has 60 days’ automatic cover, and new contracts are covered until policy expiry, alleviating last minute panics about securing insurance. We want our clients focussed on delivering healthcare so designed our policy to grow with them.
• Allowances for the Ebb and Flow of Services - likewise, we understand that your business will grow in some areas and shrink in others as the market evolves. We don’t want our clients worrying about whether the changes constitute a material change that affects policy coverage, so we’ve added affirmative cover for business growth and automatic run-off for when some services are discontinued, while you focus on other opportunities.
• Affirmative Abuse Cover - Healthcare facilities are under increased cost pressure in the current economic climate and, where there is understaffing, it is proven that the risk of patient abuse increases. With traditional insurance policies, organisations would be unsure whether they would be covered for abuse allegations under a public liability or medical malpractice policy. CNA Hardy has introduced affirmative abuse cover to remove this grey area, so policyholders are assured that they are covered if someone were to accuse their organisation of systemic abuse.
• Standalone Cover for Regulatory & Inquest Costs – our enhanced Healthcare package now offers on demand coverage for regulatory and inquest costs regardless of whether or not a Medical Liability claim is also likely to follow – a major difference from market standard.
• Good Samaritans Act Coverage Worldwide – our medical malpractice cover is now available for a doctor or nurse on holiday anywhere in the world. Policyholders will now be free to assist anyone, anywhere, in case of a medical emergency.
These significant enhancements are now available to both new and existing Healthcare policyholders in the UK.
The information contained in this document does not represent a complete analysis of the topics presented and is provided for information purposes only. It is not intended as legal advice and no responsibility can be accepted by CNA Hardy for any reliance placed upon it. Legal advice should always be obtained before applying any information to the particular circumstances. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products may not be available in all countries.