Directors and officers of healthcare providers have tremendous responsibilities to their patients, employees, creditors, bondholders, vendors and communities. With these responsibilities comes the pressure to deliver the highest quality care while also making difficult decisions to ensure the long term well-being of their facilities. These decisions could not only jeopardize the continuance of their facilities, but can also put their own personal assets at risk
The healthcare environment is rapidly changing and presenting new and unique exposures on a daily basis. Beazley Remedy is the newest offering that gives directors and officers the coverage they require to operate their facilities while also giving them peace of mind knowing that they are adequately covered and protected in this ever changing healthcare landscape. Beazley Remedy offers coverage against a wide range of potential healthcare specific claims while also offering a wide array of coverage enhancements.
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in thea world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
Loss scenarios: A New England hospital sent a pregnant patient to another hospital’s emergency room without having her first examined by a physician. Department of Health officials determined that this was a violation of the Emergency Medical Treatment and Labor Act (EMTALA), as unstable patients are required to be seen by a physician prior to being transferred to other facilities. Defense costs, fines and penalties exceeded $250,000.
A small hospital saw revenues drop due to new competing facilities. It’s primary creditor withdrew over $1 million from the hospital’s operating account leaving the hospital with no way to cover expenses and forcing them to declare Chapter 11 bankruptcy.
Boston, MA, USA
+1 (617) 239 2626
Email Jack
Chicago, IL, USA
+1 (312) 476 6271
Email Scott
Boston, MA, USA
+1 (617) 239 2618
Email Kerri
Chicago, IL, USA
+1 (312) 476 6218
Email Rhani
London, UK
+44 (0)20 7674 7155
Email Adam
London, UK
+44 (0)20 7674 7829
Email ElenaRetaining and improving business resilience to risk is an ongoing priority for healthcare executives. One of the best ways our clients have found to achieve this objective is to focus on hiring and retention policies, with an eye toward boosting diversity and inclusion in the workplace. There are several factors at play here – all inextricably tied to the notion of engagement.
