Healthcare
Hanover Healthcare helps protect a wide range of organizations and facilities from risks such as professional errors and omissions, employee-on-client abuse, theft of client's property and more. Our appetite for healthcare varies by state, size of risk and line of business. Please contact your local underwriter to discuss specific opportunities. The appetite below outlines examples of the various healthcare operations we target.
Durable medical equipment
- Diagnostic equipment
- Life support equipment
- Medical equipment and distribution
- Medical supplies
- Orthotic and prosthetic products and services
Eldercare
- Assisted living facilities
- Continuing care facilities
- Independent living communities
- Memory care and Alzheimer's
- Skilled nursing facilities
Not available in: AK, AL, AR, AZ, CA, FL, HI, IL, KS, KY, LA, MO, MS, NJ, NM, NV, OK, TN, WV
Healthcare facilities
- Ambulatory surgery centers
- Behavioral health centers
- Community health centers
- Convenience care clinics
- Dialysis centers
- Hospice homes
- Imaging centers
- Medical laboratories
- Oncology
- Physical, occupational and speech therapy
- Student health centers
- Urgent care clinics
Home healthcare
- Companion care
- Dialysis therapy
- Home infusion therapy
- Hospice care
- Minor medical care
- Physical, occupational and speech therapy
- Skilled nursing care
- Wound care
Pharmacies
- Closed pharmacies
- Retail pharmacies
- Veterinary pharmacies
Not in appetite
- Batch compounding
- Handicap vehicle modification
- Healthcare staffing
- Hospitals
- National pharmacy chains
- Nurse registries
- Primary psych facilities
- Section 8
- Wholesale pharmacies
Additional capabilities
Durable medical equipment companies focused on developing products, technologies, and services to support life sciences can find solutions through our Hanover Life Sciences Advantage offering, including organizations involved in:
- Contract research
- Digital health, including telemedicine and healthcare information technology
- Medical device manufacturing and distribution
- Pharmaceuticals
With our coordinated insurance solution, we鈥檙e able to offer broader, more cohesive protection for allied healthcare organizations. This helps reduce coverage gaps and provides a more seamless insurance experience.
Core coverage includes:
Property
- Property broadening endorsements that add or enhance more than 65 coverages
- Medical facilities property broadening endorsement that adds or enhances 9 coverages
Medical care property broadening endorsement 411-1012 |
|
|---|---|
| Coverage | Limits |
|
Automated external defibrillators |
$5,000 |
|
Business income 鈥� per diem option |
$400/day for each physician |
|
Emergency evacuation expense |
$25,000 |
|
Medical hazardous waste and radioactive cleanup |
$30,000 |
|
Medical tools and equipment |
$15,000 |
|
Money and securities of patients and residents |
$5,000 |
|
Personal effects of patients and residents |
$25,000 |
General liability
- Products and completed operations
- Client property liability coverage
- Physical abuse, sexual conduct and sexual molestation
- Suite of general liability broadening endorsements that add or enhance more than 25 coverages
CGL enhancement endorsement 鈥� healthcare 421-2919 |
|
|---|---|
| Coverage | Limits |
|
Additional insured 鈥� broad form vendors |
Included |
|
Extended property damage |
Included |
|
Innocent party defense coverage for employees |
$25,000 |
|
Medical director as insured |
Included |
|
Mobile equipment redefined |
Included |
|
Personal injury 鈥� abuse of process |
Included |
|
Property damage legal liability |
$1,000,000 |
|
Extended property damage for home health care |
|
|
Public relations expenses coverage |
$10,000 |
|
Theft of clients' property |
$50,000 |
Professional liability
- Claims made and occurrence options
- Broad definition of covered healthcare services automatically includes administrative services, proctoring services, vicarious liability and good Samaritan services
Additional coverage
- Automobile
- Data breach and cyber liability
- Emergency event management
- Employee benefits liability
- Equipment breakdown coverage
- Umbrella
- Workers鈥� compensation
Specialized coverage options:
- Administrative defense coverage
- Employment practices liability
- Fidelity and crime coverage
- Independent medical and non-medical contractors coverage
- Inland marine property floaters
- Medical diagnostic equipment coverage
- Medical director鈥檚 coverage
- Surety bonds including Medicare/DMEPOS bond
All coverage for durable medical equipment, home healthcare and pharmacies is offered on an admitted basis. Professional liability, commercial general liability and commercial umbrella coverage for healthcare facilities is offered on a non-admitted basis through Hanover Specialty Insurance Brokers (HSIB), our in-house excess and surplus brokerage.
Eldercare
Our strategy is to partner with a limited number of agents that have deep expertise in this industry aligned with a flexible solution that can be customized to meet the needs of eldercare organizations. Our broad multi-line offering for the eldercare industry includes core coverages and industry specific coverage enhancements.
A streamlined solution for you and your clients
We're committed to continuously investing in our products to ensure we鈥檙e providing modern protection, clear coverage and competitive terms. That鈥檚 why we made it easier than ever to offer your eldercare clients tailored professional liability, general liability and umbrella coverage that meets their unique needs.
Core coverage includes:
Professional liability
- Comprehensive professional and general liability policy offered on Hanover surplus lines paper
- Broad professional liability form that includes coverage for administrative services, medical director, residents' rights, proctoring services and vicarious liability
General liability
- Affirmative coverage grant for physical abuse, sexual misconduct, and sexual molestation coverage included within general liability
Additional coverage
Specialized coverage options:
- Administrative defense coverage
- Employee benefits liability coverage
- Fidelity and crime coverage
- Innocent party defense coverage
- Religious counseling professional coverage
- Surety bonds including patient trust fund bonds and Medicare/DMEPOS bonds
Professional liability, commercial general liability and commercial umbrella coverage for eldercare is offered on a non-admitted basis through Hanover Specialty Insurance Brokers (HSIB), our in-house excess and surplus brokerage.
To meet the needs of the diverse healthcare market, Hanover Healthcare Advantage provides core coverage and specialized coverage to protect against the unique risks faced by a wide range of healthcare organizations. Unlock the Hanover advantage.
Risk management services
Healthcare organizations can access to a wide range of risk management tools and information, including safety topics, discounts to valuable third-party services, and much more.
Competitive products
Our innovative and comprehensive product suite provides options designed to fit current and future needs, including:
- Account-focused solutions
- Expertise in allied healthcare and eldercare organizations
- Industry-specific broadening endorsements
Dedicated claims team
Our claims teams have years of industry expertise and experience handling the unique types of claims healthcare organizations can face. We employ experts in the fields of water mitigation, subrogation, risk transfer, litigation management, nurse and legal analysis, accounting, and SIU.
Significant experience
We have expert, local underwriting resources with national product claims and loss control services, all supported by regional experts.
Risk Solutions partnership
We partner with companies to provide background checks and employment screening, driver monitoring and active shooter training.
Trusted partner
We offer the support and financial strength of an "A"-rated leading insurance carrier.
Hanover Healthcare helps protect a wide range of organizations and facilities from risks such as professional errors and omissions, employee-on-client abuse, theft of client's property and more. Our appetite for healthcare varies by state, size of risk and line of business. Please contact your local underwriter to discuss specific opportunities. The appetite below outlines examples of the various healthcare operations we target.
Durable medical equipment
- Diagnostic equipment
- Life support equipment
- Medical equipment and distribution
- Medical supplies
- Orthotic and prosthetic products and services
Eldercare
- Assisted living facilities
- Continuing care facilities
- Independent living communities
- Memory care and Alzheimer's
- Skilled nursing facilities
Not available in: AK, AL, AR, AZ, CA, FL, HI, IL, KS, KY, LA, MO, MS, NJ, NM, NV, OK, TN, WV
Healthcare facilities
- Ambulatory surgery centers
- Behavioral health centers
- Community health centers
- Convenience care clinics
- Dialysis centers
- Hospice homes
- Imaging centers
- Medical laboratories
- Oncology
- Physical, occupational and speech therapy
- Student health centers
- Urgent care clinics
Home healthcare
- Companion care
- Dialysis therapy
- Home infusion therapy
- Hospice care
- Minor medical care
- Physical, occupational and speech therapy
- Skilled nursing care
- Wound care
Pharmacies
- Closed pharmacies
- Retail pharmacies
- Veterinary pharmacies
Not in appetite
- Batch compounding
- Handicap vehicle modification
- Healthcare staffing
- Hospitals
- National pharmacy chains
- Nurse registries
- Primary psych facilities
- Section 8
- Wholesale pharmacies
Additional capabilities
Durable medical equipment companies focused on developing products, technologies, and services to support life sciences can find solutions through our Hanover Life Sciences Advantage offering, including organizations involved in:
- Contract research
- Digital health, including telemedicine and healthcare information technology
- Medical device manufacturing and distribution
- Pharmaceuticals
Navigating abuse coverage: essential protection for healthcare facilities
Abuse coverage is one of the most varied and complex coverages in the market. But it鈥檚 also one of the most critical coverages for healthcare facilities. It鈥檚 important to understand the different ways carriers can provide abuse coverage so you can obtain the right solutions for your clients.
Industry resources
Allied healthcare resources
Allied healthcare applications
Marketing materials
Allied healthcare coverage scenarios
Resources for your customers
Risk Solutions resources for allied healthcare organizations
Eldercare resources
Marketing materials
Resources for your customers
Let's start a conversation today
Contact a member of our team to learn more about our coverage and services, and how we can help you tailor a solution for you and your clients.
Eldercare
Caryn Green
Assistant Vice President, Eldercare
860-697-4337
[email protected]
Allied healthcare
Click the map below to contact your local Hanover allied healthcare expert.