Hallmark Financial Services (HALL) is pleased to announce the launching of a new hospital professional liability product as a continued expansion and diversification of the product offerings of its Hallmark Pro professional liability unit.
The new product targets the full spectrum of hospitals and hospital systems, providing comprehensive medical professional liability coverage on a "claims made basis" or a customized protection package.
The coverage also includes general liability, employee benefit liability, evacuation, legal and public relations expense as well as scheduled physician coverage and reinsurance of captives.
"Our new hospital liability products allow us to expand beyond our popular professional liability coverage for both physicians/surgeons and miscellaneous medical facilities and healthcare organizations," stated John Chace, President of Hallmark Pro, the professional liability unit.
"We are continually researching new ‘niche’ excess professional and umbrella liability opportunities within the medical professional liability marketplace."
"This new product complements our established medical professional liability coverage for physicians and surgeons as well as miscellaneous medical facilities business where we are known for providing comprehensive product and service solutions for the brokerage community."
Hallmark’s hospital professional liability product is being managed by Barbara Sinclair, Senior Vice President and a medical professional and excess coverage insurance veteran, specializing on hospitals.
Hallmark Financial Services is a diversified specialty property/casualty insurer with offices in Dallas-Fort Worth, San Antonio, Chicago, Los Angeles and Atlanta.
Hallmark markets, underwrites and services nearly half a billion in commercial and personal insurance in selected markets. Hallmark is headquartered in Fort Worth, Texas and its common stock is listed on NASDAQ under the symbol "HALL."