Global property and casualty insurer ACE Group has launched new ACE Express Private and ACE Express Not-For-Profit health care protection polices to provide comprehensive management liability coverage for health care organizations.
Designed to meet the unique and changing needs of this critical health care market, the new products comprises four key coverage parts including directors & officers and organization liability, employment practices liability, fiduciary liability, and crime.
ACE USA Professional Risk senior vice president Keith Lavigne said, "Complex organizations -- such as hospitals, physician practice groups and Accountable Care Organizations -- require sophisticated insurance products to address their risk management needs, and we strongly believe that our new products will fill a gap that currently exists in the insurance marketplace."
The products include expanded false claims act/self-referral coverage, explicit clinical trial coverage, precise and accurate coverage for tax as well as expanded coverage for peer review and credentialing related lawsuits filed by physicians.
In addition to providing expanded coverage and enhanced clarity using a narrow for preamble to the bodily injury and professional service exclusions, the products offer expanded protection for individuals and broad advancement provision to protect individuals.
