ACE Westchester, the excess and surplus-focused business of ACE, has launched an errors and omissions (E&O) endorsement designed to help medical organizations manage certain non-traditional risk exposures.
This is in response to the increased need for advances in medical liability coverage to address risks not typically covered by medical professional liability policies.
The E&O expansion further extends ACE's existing offerings in the medical risk arena, and leverages its in-house expertise and experience in the excess and surplus sector, by designing tailored risk solutions for non-traditional medical facilities.
"ACE Westchester's longstanding expertise in the excess and surplus market positions us to better address the emerging risk exposures of miscellaneous medical facilities and healthcare organizations," said Randi Goldberg, vice president, ACE Westchester professional risk.
"We understand specialized providers of healthcare want to work with an insurer that can provide customized enhancements for their medical professional liability policies."
This new enhancement is available to all ACE Westchester medical risk policyholders. Key highlights of the E&O expansion include: ability to personalize endorsement for individual insureds with exposures that could include an amendment to the definition of healthcare professional services; capacity to add financial loss coverage; and no minimum premium.
"Product enhancements such as this demonstrate the flexibility and creativity at ACE in custom tailoring solutions for our insureds," added Goldberg. "Furthermore, this approach plays to our unique capabilities and strengths of combining both medical and professional risk expertise."
ACE Westchester, ACE, Randi Goldberg, Europe, US