Allied World Global Markets has introduced a new enhanced product, which provides additional coverage options for hospitals and other healthcare organizations in the UK, Asia and Australia.
Based on claims-made healthcare liability coverage, the Allied World product provides additional professional liability coverage, which will address the emerging non-medical malpractice exposures.
It also offers additional general liability coverage structured to provide coverage for day-to-day non-patient risks.
Other features of the product include automatic extensions to offer sub limited coverage for defense costs associated with a range of exposures, including allegations of abuse, manslaughter, fraud and dishonest.
In addition, it provides coverage for costs associated with court attendance, inquest and investigations, and public relations support in the event of a claim.
Allied World Global Markets Healthcare senior vice-president Peter Ford said: "There is a growing trend for public sector healthcare services to be provided by the private sector, and increasing consolidation with smaller practices joining together to provide more depth or breadth in the services they provide.
"There are also changes to employment models so that traditionally self-employed practitioners are now often on the pay roll of healthcare providers."
Through its subsidiaries, Allied World Assurance provides property, casualty and specialty insurance and reinsurance solutions to its customers.