The Hartford Financial Services Group has expanded its portfolio of insurance products and services for healthcare providers with tailored coverage designed specifically for healthcare facilities.
Hartford has added several healthcare-specific coverage options to its Property Choice policy, which is designed for midsize businesses.
According to the Hartford, the Property Choice policy now offers coverage for patient or resident emergency evacuation when the facility is threatened by a covered cause of loss; coverage for clean-up of a contaminated building and equipment in the event of a disease outbreak; decontamination expense coverage; reimbursement for drugs, medical devices or supplies that are condemned and coverage for loss or damage of perishable stock due to a loss of power.
For smaller outpatient practices the insurer offer several healthcare-specific coverage options as part of its Spectrum Business Owner’s Policy. These include: optional daily limits for business income; spoilage coverage for perishable medicines and medical supplies and higher optional limits for reimbursement of legal expenses for court or review boards.
The Hartford also offers the property and workers’ compensation enhancements as part of its portfolio of protection, benefits and wealth management products for healthcare services providers.