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Beazley's New Management Liability Coverage is Tailored to Unique Needs of Healthcare Organizations
Date:5/21/2009

eature of the BeazleyOne policy that may prove valuable to long term care organizations is "employment event" coverage to cover the cost of hiring a public relations firm, a security firm or mental health professionals to cope with major events affecting the workforce, such as layoffs of more than 20% of employees, high profile discrimination lawsuits, or workplace disasters causing loss of life.

In addition to insurance coverage, BeazleyOne policyholders have access to BeazleySource, a risk management website providing practical and valuable loss prevention advice in the D&O, EPL and fiduciary arenas. Among other resources, the site includes a wide variety of online training modules on matters such as employee termination and preventing employee discrimination and sexual harassment.

Kieran Dempsey, underwriter with Beazley's healthcare team in Chicago, said, "Beazley is the largest insurer of US D&O risks in the London market and one of the leading insurers of professional liability risks for major healthcare organizations, including three of the top 10 'honor roll' hospitals listed by US News & World Report. Our clients and their brokers have told us that traditional management liability policies do not adequately cover their exposures. This enhanced version of BeazleyOne is designed to address their concerns.

"With an underwriting team that combines decades of experience in both management liability and healthcare risks, we are well equipped to design coverage that will respond surely and swiftly to threats that other policies may miss. We believe that the enhanced BeazleyOne policy sets a new standard for management liability coverage for healthcare organizations."

Note to editors:

Beazley Group plc (BEZ.L) is the London-based parent company of global, specialist insurance businesses with operations in the UK, US, France, Germany, Singapore, Hong Kong and
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SOURCE Beazley Group plc
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