Darwin Professional Underwriters has introduced a new multi-coverage corporate liability insurance product for managed care organizations.
Darwin said that its managed care corporate liability coverage simplifies the insurance purchasing process for managed care organizations and service providers.
The policy offers duty-to-defend coverage on an excess and surplus lines basis, with standard terms that include punitive damages coverage, third-party liability, final adjudication coverage and a range of other distinctive features. As with all of Darwin’s insurance products, the managed care corporate liability policy includes a value-added risk management program that educates policyholders in current and effective loss prevention planning.
Cindy Oard, vice president of health care management liability underwriting, said: Our goal in developing this product was to significantly simplify the coverage procurement process and to offer a state-of-the-art product through the integration of multiple insurance coverages into one policy for the benefit of agents, brokers and insureds.