Ace Westchester, a subsidiary of Ace Group, has introduced a new errors and omissions (E&O) endorsement product, which will allow medical organizations to manage certain non-traditional risk exposures.
Available to all Ace Westchester Medical Risk policyholders, the new E&O expansion includes ability to personalize endorsement for individual insureds and capacity to add financial loss coverage.
There is no minimum premium for the new product and is available at free of charge for small allied businesses.
The new product is available to medical staffing agencies, home healthcare agencies, hospice facilities, medical consulting groups, workplace and safety consulting, adoption and foster care agencies, life science organizations and medical technology firms.
ACE Westchester Professional Risk vice-president Randi Goldberg said: "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.
"We understand specialized providers of healthcare want to work with an insurer that can provide customized enhancements for their medical professional liability policies."
Ace Group offers commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance services in around 54 countries.