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IronHealth Launches Medical Professional Liability Coverage for Facilities Serving Low Incomes

Posted on 09 Nov 2011

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IronHealth — the specialty healthcare unit of Bermuda re/insurer Ironshore Inc. – has launched medical professional liability coverage for medical facilities that treat low- to moderate-income patients.

The Health Qualified Center Medical Professional Liability coverage aims to address liability risk exposures of federally qualified US health centres that serve low income communities.

The development of community health care  centres is funded by the Patient Protection & Affordable Care Act to offer primary services to low income, Medicaid and uninsured patients, according to the statement.

After an annual application process, the federally qualified centers and their employees are protected against medical malpractice under the Federal Tort Claims Act, IronHealth said in the statement.

Private insurance is required of the health centres against new medical devices not protected under the federal statute.

“Health care reform initiatives will provide funding for new community health centers, so we expect this segment of the market to grow considerably,” said Matt Dolan, president of IronHealth, in the statement.

The new coverage is a wrap-around policy that provides general liability coverages, including covering new medical services or activities offered by the center since its application was approved.

Professional and general liability coverages are available for deemed and nondeemed medical services for primary and excess limits, and separate policy limits can be underwritten for employed practitioners, volunteers and part-time dentists, among other coverages.