Chubb has launched a new industry practice providing insurance coverage and risk management options to the healthcare marketplace. Chubb’s Healthcare Industry Practice will offer a range of insurance products and services for healthcare customers, including hospitals, physicians, long-term care facilities, managed care providers and other miscellaneous medical facilities and operations.
According to Caroline Clouser, executive vice president, Chubb Healthcare, “the integration of physicians, shifts in payment models, new medical treatments and technologies, changing regulations, and merger and acquisition (M&A) activity are driving healthcare transformation and are challenging the industry to find new and creative risk management strategies and coverage options to help protect itself against significant liability exposures.”
The Healthcare Industry Practice will be distributed through Chubb’s eight North American regions and will have a presence in 48 branch offices. Its suite of coverage options include:
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Medical Professional Liability
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Property, Builders’ Risk and Boiler & Machinery
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Management Liability
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Privacy & Network Security
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Environmental
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Surety
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Alternative Risk Financing, such as Loss Portfolio Transfers
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Heliport & Non-owned Aircraft
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Accident & Health
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ESIS- Risk Management Services and Third-Party Administrator