| |
|
 |
|
|
|
Physician's Professional Liability
ProCon provides physician's professional liability coverages through the
Missouri Hospital Plan's (MHP) subsidiary, Medical Liability Alliance (MLA).
MLA offers reasonably priced, secure, non-assessable insurance protection
for physicians. In addition to MLA, ProCon has access to non-standard
markets for physicians who for whatever reasons may not qualify for the
standard markets. |
|
|
|
|
|
|
|
|
|
|
|
Directors, Officers, and Trustees Liability
An important concern for all healthcare entities is the financial protection
of its directors, trustees, officers, employees, and volunteers.
Donors, employees, recipients of service, vendors, investors, competitors,
and even the government may bring legal action against organizations and
their boards of directors. Litigation of this sort lasts for many
years, becoming a continuous financial drain on the organization. If
an organization cannot indemnify its directors, officers, or employees,
either because of the litigation or as a result of the organization's
insolvency, the ensuing financial burden can become the personal
responsibility of the individuals involved.
ProCon provides the necessary coverages to protect the hospital through a
Directors, Officers, and Trustees Liability policy (D&O). ProCon's D&O
program is written with one of the largest commercial companies with a
specialty in insuring healthcare entities. |
|
|
|
|
|
|
|
|
|
|
|
Workers' Compensation
ProCon is
the exclusive broker for Hospital Association Team (HAT). HAT is a
multiple employer trust arrangement, incorporated by hospitals for
hospitals. This program is designed only for Missouri hospitals so as
to escape the losses and additional expenses shared by other types of
businesses, as in the standard market. It also allows the hospital to
avoid the ups and downs in pricing and acceptability associated with
business cycles in the standard workers' compensation market. With
lower expenses and investment income returned to the Trust, hospitals
benefit from lower premiums over the long run. ProCon can also access
the commercial market to provide coverage for hospitals on a guaranteed cost
basis with Missouri employers and for hospitals seeking self insurance
status. |
|
|
|
|
|
|
|
|
|
CRIME, FIDUCIARY, AND KIDNAP AND RANSOM
Employee dishonesty coverage is the most used coverage under the crime
policy. Large losses may arise out of accounting and financial
departments when proper checks and balances are not employed. The
crime policy also protects against theft from customer premises; money and
securities stolen from the hospital including while in transit; forgery or alteration of
covered instruments; loss from counterfeit papers and money orders; loss due
to computer fraud and fund transfer. |
|
|
|
|
|
|
|
|
|
PROPERTY PROTECTION
ProCon, in partnership with one of the largest commercial carries of
healthcare entities in the USA, provides a very broad spectrum of property
coverages tailored for hospitals and healthcare systems. Coverages
include broad all risk perils, business income, extra expense, and high sub
limits of coverage for protection of hospitals including earthquake and
flood. ProCon can provide coverage for builder's risk, existing
hospital facilities, ancillary operations, and all specialized equipment. |
|
|
|
|
|
|
|
|
|
AUTO AND AMBULANCE LIABILITY
All hospitals have an auto exposure even if they don't own autos or
ambulances. The exposure can arise from employees using their personal
vehicle in the business of the hospital such as making bank deposits or
visiting a customer or vendor. An employee renting a vehicle on
hospital business also gives rise to an auto exposure. |
|
|
|
|
|
|
|
|
|
Managed Care Errors and Omissions
Hospitals sometimes have ownership interest in HMO's or PPO's and ProCon has
the markets to cover these exposures with limits of liability up to $10
million. |
|
|
|
|
|
|
|
|
|
Other Specialty Insurance
Other specialty insurance include exposures arising out of
affiliated operations, flood and earthquake in high hazard areas, limits
above $25 million on D&O and $10 million on Manages Care E&O are just a few. |
|
|
|
|
|
|
|
CON
