Medical Liability Insurance Coverage Highlights
Coverage
- Excess healthcare professional and general liability coverage
- Primary healthcare professional and general liability coverage offered in some jurisdictions
- Flexible solutions for coverage of physician and surgeon and other healthcare provider exposures
Minimums
- Retention or deductible varies by characteristics of the account
- Minimum premium varies by characteristics of the account
- Primary coverage policy minimum premium*: $25,000
*Premiums are based upon underwriting guidelines and account characteristics.
Client Profile
- Acute Care Hospitals
- Healthcare Systems
- Integrated Delivery Systems
- Teaching Hospitals
- Children's Hospitals
- Specialty Hospitals including Psychiatric, Rehabilitation, Sub Acute Care and Long Term Acute Care
Benefits
- Experienced staff who understands the unique and complex challenges of the healthcare industry
- Insurance and reinsurance transaction capabilities
- Competitive coverage terms and services
- Financial Strength: Chubb consistently receives among the highest ratings for financial strength from the industry's principal rating agencies
Forms/Applications
Limits
Primary Coverage (where offered)
- Limits available up to $1 million each claim; $3 million aggregate
- Claims made professional liability and occurrence or claims made general liability
- Separate limits for professional liability and general liability may be available for additional premium
Excess or Umbrella Coverage
- Limits available up to $15 million each claim; $15 million aggregate
Supplementary Applications
- Coverage Specification Supplement: When detailed program information is not otherwise available
- Historical Exposures Supplement: When a Professional Liability Funding Study is not available
- Bariatric Surgery Supplement
- Long Term Care Supplement: When the facility(ies) is/are on a different campus than your hospital(s)
- Managed Care Organizations’ Error & Omissions Liability Supplement
Notice – Potential Illinois Insureds: This notice pertains to potential Illinois insureds and provides information about the Religious Freedom Protection and Civil Union Act. It should be included in all application materials in order to inform potential Illinois insureds about the Act.