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Beazley, a healthcare, technology and privacy risks insurer, has launched a new insurance policy to cover all organizations involved in the provision of telemedicine.
Virtual Care is the first integrated insurance policy for healthcare providers and technology companies active in telemedicine. Its coverage can be tailored to meet the needs of all participants in the telemedicine value chain, according to the company.
Evan Smith, Beazley’s focus group leader for miscellaneous medical risks, said: "Telemedicine is one of the fastest growing sectors of the healthcare market, with revenues projected to rise by between 35 percent and 50 percent annually in the coming years. But medical providers and technology companies require robust protection for the varied and often unique risks that telemedicine presents. Virtual Care is unique in providing this coverage through a single policy."
Jennifer Schoenthal, healthcare underwriter, commented: "Telemedicine isn’t a new or emerging field, it is a well established delivery method of medicine that is gaining increasing popularity. Our Beazley Virtual Care policy was designed to meet the needs of this industry as it continues to grow and evolve."
Beazley, Insurance, Healthcare, Technology, Telemedicine, Virtual Care, Chicago, US
