|[March 03, 2014]
Berkshire Hathaway Specialty Insurance Offers Healthcare Umbrella Policy
BOSTON --(Business Wire)--
Berkshire Hathaway Specialty Insurance (BHSI) today introduced a
Healthcare Umbrella Policy designed to address the exposures of large
medical providers in today's ever-changing healthcare environment.
"With input from healthcare risk managers, brokers and our own
healthcare claims specialists, we created a form that is clear in intent
and current in addressing the reality of the world in which healthcare
providers are operating," said Greg Hamlin, Vice President, Healthcare
Professional Liability, BHSI.
Reflecting the industry's widespread consolidation, the policy provides
a definition of insured, which encompasses new entities acquired or
created by the named insured. The policy's contractual liability
coverage section specifically addresses Accountable Care Organizations,
and the policy includes coverage for clinical trials in the definition
of Professional Medical Services.
Importantly, the policy provides business crisis and reputation
protection benefits tailored for healthcare customers.
"With this new form, we have laid the foundation for an ongoing
relationship with our customers. From its flexible, modular format, to
the absence of a hammer clause in claims, the form embodies our
commitment to collaborating with healthcare providers to most
effectively manage risk," said Robert Romeo, Vice President, Healthcare
and Construction Claims, BHSI. Policyholders are also reimbursed for the
costs of pre-approved risk management services.
Berkshire Hathaway Specialty Insurance (www.bhspecialty.com)
provides commercial property, casualty, healthcare professional
liability, executive and professional lines insurance and programs for
customers across the U.S. It underwrites on the paper of Berkshire
Hathaway's National Indemnity group of insurance companies, which hold
financial strength ratings of A++ from AM Best and AA+ from Standard &
Poor's. Based in Boston, Berkshire Hathaway Specialty Insurance has
regional underwriting offices in Atlanta, Chicago, Los Angeles and New
For more information, contact Greg Hamlin at 917-960-2416 or firstname.lastname@example.org.
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