Lexington Insurance, a Chartis company, has launched LexAir Transport Rx, a new primary aviation liability insurance specifically designed for the non-owned aviation operations of hospitals across the US.
According to the Lexington, LexAir Transport Rx offers ‘dollar-one’ coverage, with no deductible or self-insured retention, for bodily injury and property damage arising from the use of non-owned aircraft.
The product also provides coverage for bodily injury and property damage arising from the use of aviation premises, such as helipads, that a hospital owns, rents, or occupies.
Lexington said that the coverage can be extended to a hospital and its affiliates, as well as to individuals including hospital directors, officers, and employees, against whom claims arising out of aviation operations could be made.
Developed in collaboration with Chartis Aerospace Insurance Services, LexAir Transport Rx is available as a coverage part to complement Lexington’s hospital professional liability and commercial umbrella liability coverage parts.
LexAir Transport Rx provides coverage up to $50m on a primary limit basis and $25m on an excess/umbrella limit basis, for a total aviation capacity of $75m.
Lexington Insurance senior vice president and healthcare division executive Brad Cox said that with the introduction of LexAir Transport Rx, the policyholders can address their aviation risks in one transaction by obtaining broad primary aviation liability insurance alongside the hospital professional liability and umbrella liability coverage.