Beazley launches streamlined miscellaneous medical liability product

Specialist insurer Beazley has announced the launch of a streamlined miscellaneous medical liability product (MiscMed) in both the US and London markets. The streamlined product includes significant enhancements to wordings, Beazley said.

The MiscMed product covers medical professional liability exposures for a spectrum of healthcare-related businesses. This includes more complex risks that fall around the fringes of the healthcare sector, including search-and-rescue providers, humanitarian aid organizations, and social services, Beazley said.

“In this area we have a robust appetite and are able to use our extensive experience and risk insight to develop improved coverage for hard-to-place risks,” said John Livatino, focus group leader for US miscellaneous medical and life science at Beazley. “As with everything we do at Beazley, this new modular policy keeps brokers front of mind – our coverage is organized in line with industry standards, providing them with the flexibility needed to provide a bespoke solution for their clients.”

Features of the new product include:

• Simplified policy documentation now in one modular form
• Added errors and omissions – financial loss and clinical trial module offerings
• Separated the sexual/physical misconduct module to provide a distinct tower of coverage
• Simplified with enhanced coverages built into the base form, requiring fewer endorsements

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The streamlined MiscMed product is now available in the US and London markets.

Beazley also recently released a refreshed US public directors and officers wording. The company also recently reported its strongest underwriting growth since 2016.

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