US insurer The Travelers has unveiled new property coverages through its IndustryEdge product for healthcare organizations.
The new coverages include: ordinance or law- communicable disease contamination. It provides coverage that pays the costs incurred to clean up and remove communicable disease contamination from a premise when mandated by an ordinance or law.
Condemnation of medical property coverage which pays for loss of visibly undamaged medical property that a government regulatory authority has condemned as a direct result of a covered cause of loss.
Unintentional errors or omissions- failure to report locations. In this coverage is extended when the insured unintentionally fails to report a location at the inception date of the policy period, or to report a newly acquired location after the automatic coverage period expires.
The IndustryEdge product for healthcare organizations offers a coverage for: outpatient facilities including medical offices, clinics, laboratories, diagnostic centers and ambulatory surgical centers,
inpatient facilities including hospitals, nursing homes and other elder-care facilities.
Tailored coverages already available through the IndustryEdge product for healthcare organizations include: automobile; property; inland marine; general liability; workers compensation and umbrella.