ACE’s Medical Risk Group has entered into a collaboration with Trust Risk Management Services (TRMS) to offer an Admitted Professional and General Liability policy designed to provide insurance protection to a wide variety of individuals and small groups of six or less allied healthcare providers.
“We're pleased to continue our relationship with Trust Risk Management Services' team of specialized professionals as this provides us with continued opportunities to bring ACE's innovative risk management solutions and breadth of products expertise to the medical liability marketplace,” said Caroline Clouser, executive vice president, ACE Medical Risk Group.
Dr Jana Martin, chief executive officer of TRMS, said: “The decision to expand the program relationship with ACE Medical Risk Group fits naturally within the scope and goal of our overall insurance program development. We value our relationship with the ACE underwriting team and are pleased to be able to offer this new protection to allied healthcare providers."
Product highlights include separate professional and general aggregate limits available for entities and separate professional liability limits available per allied healthcare provider. The policy does not contain a deductible.
Other important supplemental coverages included in the policy are Licensing Board Defense, Defendant's Reimbursement, Deposition Fees and Expenses, Assault, Medical Expense, First Aid and Damage to Property of Others. Healthcare Consultants Errors and Omissions & Case Management Liability coverage is available, as are Health Insurance Portability and Accountability Act of 1996 (HIPAA) violations and consumer notification costs, with limits of up to $25,000.
ACE, Admitted Professional and General Liability policy, Risk Management, Health Insurance