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Darwin Introduces New Managed Care Corporate Liability Insurance
Date:3/9/2008

terms that include punitive damages coverage (most favorable venue), third-party liability, final adjudication coverage, and a range of other distinctive features. As with all of Darwin's insurance products, the managed care corporate liability policy includes a value-added risk management program that educates policyholders in current and effective loss prevention planning.

Managed care service providers eligible for coverage include, but are not limited to, independent physician associations (IPAs), physician hospital organizations (PHOs), administrative service organizations (ASOs), case and disease management providers, credentialing verification organizations (CVOs), management service organizations (MSOs), peer review service organizations (PRSOs), rental network entities, third-party administrators (TPAs), and utilization review organizations (UROs) with $25 million or less in annual revenues and with limits of up to $5 million available.

"Our goal in developing this product was to significantly simplify the coverage procurement process and to offer a state-of-the-art product through the integration of multiple insurance coverages into one policy for the benefit of agents, brokers, and insureds," says Cindy Oard, vice president, health care management liability underwriting. "While other markets have combined portions of coverages, this policy was designed to go well beyond any of those combinations. The policy has been constructed specifically to cover a managed care organization's service provider-related exposures. In fact, the professional E&O coverage is significantly more inclusive than traditional managed care E&O coverage -- the policy is like nothing this market has seen before. We believe we have created an approach to this buying segment that cannot be ignored."

Important Information

Coverage descriptions in this press release are summaries only; all coverages will be determined by the policy as issued. Policies are avai
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SOURCE Darwin Professional Underwriters, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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