Posted on 29 Sep 2011
The Hartford has introduced Private Choice Encore® for Healthcare Organizations, a specialized management liability policy. The new product offers coverage for directors and officers; employment practices; fiduciary liability; kidnap and ransom; and crime, with the flexibility to customize specific coverage based on the organization's needs.
"As healthcare organizations navigate today's rapidly evolving economic and regulatory landscape, their management teams face significant risk related to their operational oversight and employment practices," said Michael Dandini, senior vice president of The Hartford's management and professional liability underwriting unit. "This policy is designed to provide tailored liability coverage for directors and officers in the healthcare industry."
According to Dandini, The Hartford's new policy also offers coverage options to help address several key concerns of healthcare organizations, including:
• Allegations involving peer review, credentialing and other provider selection activities;
• Claims of anti-competitive behavior for activities alleged to create monopolies or perceived to be in restraint of trade;
• Alleged violations of HIPAA (Health Insurance Portability and Accountability Act), EMTALA (Emergency Medical Treatment and Active Labor Act) and certain sections of the Internal Revenue Code, which may result in civil fines or penalties; and
• Allegations of fraud or abuse in a healthcare setting, such as violations of the Federal False Claim Act. Coverage for the defense of these allegations is available to qualifying organizations by endorsement.
To learn more about The Hartford's Private Choice Encore for Healthcare Organizations, visit http://www.hfpinsurance.com/healthcare or visit The Hartford's booth at the American Society for Healthcare Risk Management (ASHRM) 2011 Annual Conference and Exhibition in Phoenix, Ariz., Oct. 16-19, Booth #338.