MINNETONKA, Minn., Aug. 21, 2013 /PRNewswire/ -- OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group, Ltd. (NYSE: OB), today announced that new editions of its primary health care professional liability policy forms are available through affiliated writing companies. Many of the updates to these policies streamline the insurance contract and seek to address the changing coverage needs in the market.
Steve Spina, President of the Heath Care Group at OBPI, said, "OneBeacon Professional Insurance has always had the reputation of having strong and competitive health care forms. These updates enhance our products by addressing changing market conditions, and continue to showcase our strength with these types of risks."
Primary health care forms include Complex Risks (hospitals, physician groups and alternative structures) and Medical Facilities. Some of the policy highlights include:
- Limited breach of confidentiality coverage under Professional Liability with respect to the inadvertent utterance or publication of personally identifiable health information or other confidential health care medical information of a Patient
- Legal/Media Expense Reimbursement coverage now extends to all Insureds
- Broad definition of Insured now includes interpreters used in connection with the provision of Medical Services
- Professional Liability coverage extended to include the loading and unloading of Patients from aircraft or Auto
- Revised definition of Related Claims
Additionally, each product has policy-specific updates including:
Complex Risks (hospitals, physician groups and alternative structures):
- Professional Services now includes Proctoring Services
- "Damage to Rented Premises" coverage now included in General Liability coverage by endorsement
The Medical Facilities form now includes "Damage to Rented Premises" coverage in General Liability.
Please refer to the actual policy for exact coverage descriptions and limits; exclusions and deductibles may apply. Coverages are subject to policy terms and conditions and may not be available in all states.
About OneBeacon Professional Insurance: OneBeacon Professional Insurance, a member of OneBeacon Insurance Group, specializes in professional liability solutions for targeted industries including hospitals, long-term care facilities, medical facilities, physician groups, media organizations, lawyers, real estate professionals, design professionals, financial services and technology providers.
Additionally, OneBeacon Professional Insurance provides employment practices liability insurance, management liability and tailored products for complex organizations including health care provider excess insurance and HMO reinsurance through one of the insurance companies in OneBeacon Insurance Group, Ltd. General liability, property and workers compensation coverages are also available for financial institutions.
About OneBeacon: OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York Stock Exchange under the symbol "OB." OneBeacon's underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon's solutions target ocean and inland marine; entertainment, sports and leisure; group accident; crop; public entities; technology; tuition refund; professional liability; environmental; excess property; programs; and commercial surety. For further information about our products and services visit: www.onebeacon.com and to remain up to date on OneBeacon's news, follow us on Twitter @OneBeaconIns or visit our online newsroom: www.onebeacon.com/newsroom.
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SOURCE OneBeacon Insurance Group, Ltd.