Specialist insurer Beazley has announced the launch of its streamlined Miscellaneous Medical Liability insurance product called “MiscMed” for the US and London markets.
Beazley’s MiscMed product provides protection for medical professional liability exposures arising out of a wide range of healthcare-related businesses. The product includes significant enhancements to wording.
John Livatino, the Focus Group Leader for US Miscellaneous Medical & Life Science at Beazley commented, “In this area, we have a robust appetite and are able to use our extensive experience and risk insight to develop improved coverage for hard-to-place risks. As with everything we do at Beazley, this new modular policy keeps brokers front of mind: our coverage is organised in-line with industry standards, providing them with the flexibility needed to provide a bespoke solution for their clients.”
It also includes the more complex risks that can fall into the grey area of healthcare – such as search and rescue providers, humanitarian aid organizations, and social services.
Some of the key benefits of this product include the simplified policy documentation which is now in one modular form, enabling coverage to be tailored and more effective.
It also has added Errors and Omissions (E&O) for financial loss and Clinical Trial module offerings.
It offers separated sexual and physical misconduct modules to provide a distinct tower of coverage and will also simplify with enhanced coverages built into the base form, requiring fewer endorsements.
