ACE Medical Risk Group has launched an array of physician professional liability insurance products and coverage services for employed physicians within hospitals and healthcare facilities or owned or affiliated medical groups.
The product assortment comprises companion primary physician professional liability policies, fronting capabilities for primary physician professional liability policies, and the reinsurance of physician professional liability policies issued by healthcare facility captives.
The company has also introduced a uniquely structured integrated hospital and physician insurance program that may include separate or shared retentions and policy limits.
Available for hospitals, healthcare facilities and Accountable Care Organizations (ACO), the physician professional liability insurance coverage offers insurance or alternative risk financing services to their employed physicians, or owned or affiliated medical groups.
“We are pleased to be able to offer this expanded coverage to meet the growing needs of both hospitals and physicians to support the changing delivery of high quality healthcare," said ACE Medical Risk Group executive vice president Caroline Clouser.
ACE Medical, Risk, healthcare, liability