The Hartford Financial Services Group, an insurance and financial services company, has introduced a specialized management liability policy, Private Choice Encore for healthcare organizations.
Private Choice Encore offers coverage for directors and officers; employment practices; fiduciary liability; kidnap and ransom; and crime, with the flexibility to customize specific coverage based on the organization’s needs.
The Hartford’s new policy also offers coverage options to help address several key concerns of healthcare organizations, including: allegations involving peer review, credentialing and other provider selection activities; claims of anti-competitive behavior for activities alleged to create monopolies or perceived to be in restraint of trade.
It also includes alleged violations of HIPAA (Health Insurance Portability and Accountability Act), EMTALA (Emergency Medical Treatment and Active Labor Act) and certain sections of the Internal Revenue Code.
The Hartford’s management and professional liability underwriting unit senior vice president Michael Dandini said this policy is designed to provide tailored liability coverage for directors and officers in the healthcare industry.