ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, recently announced the launch of its healthcare professional liability product for group and individual physicians in the Ohio and Michigan markets.
The product provides professional liability coverage for individual and groups of physicians, as well as their corporations and certain covered employees in Ohio and Michigan. Healthcare professional liability is marketed by ACE Medical Risk, an operating unit of ACE USA, which provides a wide range of liability products for clients throughout the healthcare industry worldwide.
“The availability of liability insurance is a major concern for healthcare providers, as well as the patients they serve. ACE USA’s new healthcare professional liability product for physicians draws on our extensive experience in the healthcare industry and our underwriting expertise to provide physicians with an attractive risk management solution,” said Ross Bertossi, president, ACE Medical Risk.
Group and individual policies are available. Additional features and benefits of ACE USA’s coverage include:
Experienced underwriting and claims personnel who specialize in the healthcare market;
Backed by the financial strength and underwriting capacity of the ACE Group of Companies;
Physician consent to settlement;
Incident-sensitive claim trigger;
Legal defense costs paid in addition to the limit of liability;
Expanded definition of covered employees;
Professional legal defense coverage for administrative and regulatory investigations — $25,000 per insured physician; higher limits available;
Enhanced free retirement tail options
The product will be available through the Hylant Group, a commercial insurance agent serving Ohio and Michigan.
“ACE USA’s healthcare professional liability product for physicians fills a void in the marketplace by providing healthcare professionals with a quality product from a financially strong organization. In today’s volatile malpractice insurance market, ACE’s arrival is a significant development that will have an immediate positive impact for physicians in Ohio and Michigan,” said Richard Hylant, president of the Hylant Group.
For more information about ACE USA’s healthcare professional liability coverage for physicians, please contact Richard Hylant, president of the Hylant Group, at (419) 259-2723.
ACE Medical Risk’s product offerings include primary and excess medical professional liability for hospitals, long-term care and miscellaneous healthcare facilities, as well as a comprehensive package policy for long-term care including property, auto, crime, and boiler and machinery coverages.
Source: ACE USA
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