CANTON, Mass., April 29 /PRNewswire-FirstCall/ -- OneBeacon Professional Partners, a member of OneBeacon Insurance Group (NYSE: OB), today announced two new comprehensive management liability insurance solutions designed specifically for health care organizations and nonprofit organizations.
The Health Care Organization Management Liability product offers coverage to a variety of private and nonprofit organizations that offer health care services including: hospitals and health care facilities, long-term care facilities, managed care organizations, physicians and medical groups, and miscellaneous medical facilities. The Not-for-Profit Organization Management Liability product is available for nonprofit organizations of all types and sizes, regardless of financial size or employee count.
Both products are modular in nature and offer four lines of coverage: Directors, Officers and Organization Liability, Employment Practices Liability, Fiduciary Liability, and Crime Coverage. The products offer up to $20 million in capacity, with primary and excess options available.
Stacy Kniffen, assistant vice president of management liability for OneBeacon Professional Partners, said, "Our management liability products are quite flexible, which allows our clients to design programs to meet their individual needs. We also offer the choice of separate limits for all coverage sections, or the ability to share limits among the liability coverage sections -- and one convenient application for all coverages."
In addition, these products offer brokers many cross-selling opportunities with OneBeacon Professional Partners' medical professional liability products, as well as with OneBeacon Commercial Lines' property and casualty coverages for small to mid-sized facilities.
For more information about these new management liability solutions, please contact Stacy Kniffen at 212.549.3540 or SKniffen@onebeacon.com.
OneBeacon Professional Partners is a member of OneBeacon Insurance Group that specializes in professional liability solutions for targeted industries including hospitals of all sizes, physician groups, managed care organizations, long-term care facilities, health care facilities, media organizations, real estate professionals and lawyers. Additionally, OneBeacon Professional Partners provides Employment Practices Liability Insurance, Management Liability and tailored products for complex organizations including health care provider excess insurance and HMO reinsurance.
About OneBeacon: OneBeacon Insurance Group's underwriting companies offer a range of specialty and segmented commercial and personal insurance products sold through select independent agents, regional and national brokers, and wholesalers. As one of the oldest property and casualty insurers in the United States, OneBeacon traces its roots to 1831 and the Potomac Fire Insurance Company. Today, OneBeacon's specialty insurance businesses are national in scope, while commercial lines business is produced in select territories throughout the United States. Personal lines business is concentrated in the Northeastern United States.
OneBeacon's U.S. headquarters is in Canton, Massachusetts. The company is publicly traded on the New York Stock Exchange under the symbol "OB".
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|SOURCE OneBeacon Insurance Group|
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