Premier Insurance Management Services (PIMS) has endorsed Allied World Assurance Company (US) and its affiliates (Allied World) for primary hospital professional liability coverage.
PIMS said that with addition of Allied World’s endorsement, it will now offer dual market options for hospital professional liability to help reduce risk, enhance patient safety and avoid adverse outcomes.
The professional liability program targets community-based acute care hospitals including critical access, general acute care and specialty, with 350 beds or fewer, and which have a deductible or retention of up to $1m in select states.
The program features a 10% premium discount for the company’s members and an additional discount up to 15% for members who use its QualityConnect solution. In addition, long-term savings are also available through a safety dividend program, where allowed by state law.
Robert Dowdy, president of PIMS, said: “With premium discounts provided by Allied World, PIMS’ professional liability program is both expanding the opportunity for Premier healthcare alliance members to further improve the safety of their patients and facilitating members’ ability to secure cost-effective insurance.”