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We offer a Directors & Officers Liability Program designed specifically for VHA-member hospitals. The program is underwritten by Chubb Specialty Insurance and offers many unique features, including renewal credits, entity coverage, employment practices liability, duty to defend option on certain risks, and limits of liability up to $25 million.
Policy Highlights
Contact: Debra Clark
E-mail: Debra.L.Clark@Schinnerer.com
Phone: (301) 951-5438
Target Risks or Classes: Non-Profit hospitals with assets below $750 million
Available on Admitted Basis: In all states, the District of Columbia, and U.S. territories
Program Features
- Exclusive VHA member benefits include:
- An offer for a renewal credit of 5% for eligible accounts
- Renewal credit percentage can increase based upon 5 year loss history of VHA Member Hospital groups.
- Comprehensive Employment Practices Liability coverage option includes discrimination, wrongful failure to grant tenure, sexual harassment, workplace harassment, retaliation, employment-related misrepresentation, negligent evaluation, wrongful discipline, wrongful deprivation of career opportunity, wrongful termination, demotion or failure to promote.
- Coverage for mental anguish and emotional distress allegations in employment practices, peer review and physician credentialing suits, providing your hospital with more protection for these common allegations.
- Coverage for a claim brought by third parties (patients, vendors, clients) against the hospital for alleged incrimination or sexual harassment is available when client meets underwriting guidelines.
- Broad subsidiary coverage extends coverage to all insureds as defined by your specific policy and automatically extends to newly created or acquired non-profit boards. Coverage is automatically extended to any for-profit subsidiaries created or acquired with an asset size no greater than 20% of the parent entity.
- Built-in outside directorship liability automatically extended to any insured person serving on the board of a non-profit entity or a for-profit joint venture at the written direction of the insured entity. Coverage is automatic for 90 days for-profit joint ventures and may be extended by endorsement, subject to the underwriter's approval.
Policy Highlights in a printer-friendly format.
Apply now: To apply for full coverage, please complete the Healthcare Portfolio Application. If you are a prospective policyholder and do not have a broker, give us a call at (301) 961-9800 for the name of a broker near you.
(Please note: Some of these documents are in the Adobe Acrobat Portable Document Format [PDF]. Before viewing them, you may need to download the Adobe Acrobat Reader. The free Adobe® Acrobat® Reader allows you to view, navigate and print PDF files across all major computing platforms.)
This information is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the plan described. Please remember only the insurance policy can give actual terms, coverage, amounts, conditions and exclusions. Program availability and coverage are subject to state regulatory approval.
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