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We are now able to provide a mono-line General and Professional
Liability Policy for the following types of risk:
• Medical Outpatient Clinics
• Mental Health Centers
• Nursing Homes
• Community Hospitals
• Assisted Living Facilities
Some value-added services will include:
• Strategic planning support
• Organizational analysis
• Credentialing support & analysis
• Development of measurable risk reduction programs
• Accreditation assistance
• Resource center
• Development of customized educational programs
* Coverage parts are available on a claims-made or
occurrence basis.
Healthcare Submission Requirements
In order to provide a healthcare quote, we need a complete submission,
which includes:
1. Completed, signed and dated Lexington Long Term Care Application.
2. Completed Attachment #1 to Lexington Long Term Care Application
(specific location information).
3. Completed, signed and dated Attachment #2 to Lexington Long
Term Care Application, including all requested attachments
(Addendum for Skilled/Intermediate beds).
4. Completed, signed and dated ALF Addendum including all requested
attachments (applicable to Assisted Living/Personal Care beds).
5. Completed, signed and dated Independent Living Addendum (applicable
to Independent Living beds).
6. Current Facility Quality Indicator Profile for each skilled
location. It must be no more than 30 days old and cover a period
of at least 6 months.
7. 5-10 Years of currently valued, hard copy loss runs (including
auto, if an umbrella quotation is requested).
8. The most recent two years of audited financial statements.
9. Completed, signed and dated Acord umbrella application, if
that coverage is requested. Additional Information
Although not necessary to reserve the submission, the following
underwriting information is also needed:
1. Copies of all licenses.
2. Reports from any accreditation organizations (such as JCAHO).
3. Insured's website, if available.
4. Descriptions and/or explanations of all losses in excess of
$50,000.
5. Any other information that you deem pertinent to the underwriting
process.
Once all information is received we need a minimum of 30 days to
provide a quotation. Please call us at
(800) 622-8272 for more information on the product or download
the healthcare-specific applications.
Note: The above programs will be
written through member companies of American International Group
(AIG).They are also written on an Excess and Surplus Lines basis
with minimum premiums starting at $35,000 depending on class of
business and venue. |
