By combining the expertise of management liability and healthcare teams, Beazley Group has developed enhanced management liability coverage that is precisely tailored to the needs of healthcare organizations.
The Beazley Remedy policy is highly flexible, enabling clients to select combined or separate limits under any or all of the four insuring clauses on an admitted or a surplus lines basis.
Directors and Officers Liability
Affirmative antitrust language
Failure to perform provider selection, credentialing or peer review activities
Governmental return of funds claims including False Claims Act, Stark and anti-kickback allegations
Civil fines and penalties coverage or defense only options
Employment Practices Liability
Flexibility in choice of counsel
Broad definition of insured person including independent contractors, medical directors, staff physicians and faculty members
Access to BeazleySure loss control services for employment practices clients
Up to $20M
Hospitals, academic medical centers and long-term care facilities
Key Highlights and Enhancements
Premier Amendatory Coverage Enhancement – Suite of coverage policy wording amendments added to all Premier member policies at no additional premium.
Wage & Hour Defense Sub-limit – Defense expense sub-limit of $150,000 automatically included without the required wage & hour application at no additional premium.
Automatic increased policy sub-limits without additional underwriting at no additional premium for the following:
EMTALA: $1M (standard offering is $250,000)
HIPAA: $1M (standard offering is $100,000)
IRS Claims : $1M (standard offering is $50,000)
Reduced Retention for Regulatory Defense Coverage – Regulatory Defense Retention will be reduced from the standard $1M retention. This reduction will be provided without additional underwriting at no additional premium.
$500,000 sub-retention for Premier member insureds with under $1B in gross revenue
$750,000 sub-retention for Premier member insureds with over $1B in gross revenue
Claims Onboarding Call – Initial post-binding call with the Premier member insured, and a representative from Beazley claims to discuss claims handling, reporting, etc. This will allow the Premier member insured to gain a level of comfort with Beazley Claims Management.
Access to BeazleySure – Service offered to D&O and EPL clients providing a number of employment and HR-related services.