Today’s environment for those in health care is fraught with increased financial stress, tighter regulation and greater exposures, putting organizations and their patients at risk. Manchester Specialty Programs provides health care organizations with a flexible Management Liability insurance program to address this complex landscape. We offer Directors’ & Officers’ (D&O) Liability insurance as well as Employment Practices Liability (EPL) insurance including risk management services from our carrier partners to help with employment screening, verification and background checks and overall human resources management.
Directors’ & Officers’ Liability offers protection to the directors and officers of public, private and non-profit organizations for decisions they may have made regarding the operation of the business, including mergers and acquisitions, which may cause others a financial loss. Exposures can range from employee-related and cyber liability issues to allegations of negligence in the execution of duties. Lawsuits can be made against directors and officers from attorneys general, providers, patients and customers, creditors, regulators, employees, competitors and the company itself.
Our coverage is designed to protect the financial health of the organization as well as personal assets of a health care organization’s directors and officers. D&O Insurance will often pay for for legal fees, financial settlements, damages, and some civil penalties if assessed.
In addition, our D&O policy can be designed to provide coverage for allegations of Medicare/ Medicaid health care fraud and abuse, including Recovery Audit Contractor (RAC) and ZPIC audits. For risks that qualify, the definition of “regulatory claim” can include coverage for a search warrant, subpoena, notice of investigation, or contact letter including but not limited to any health care fraud and abuse claim, including a RAC audit notice or letter. Also included is Consulting Reimbursement for expenses involving D&O and EPL consulting costs to improve your business.
The home health care and medical staffing industries consist of a broad spectrum of employees, making strong employment practices critical and a sound insurance and risk management plan essential. Allegations of unfair treatment of employees span every aspect of personnel relations—hiring, terminations, overtime pay, leave, promotions, and inter-office relationships, to name just a few. Complaints of sexual harassment and racial and gender discrimination are often commonplace. Moreover, organizations accused of employment practices violations can face costly penalties from the Equal Employment Opportunity Commission (EEOC) or Human Rights Commission (HRC) and expensive defense fees. That’s where Employment Practices Liability insurance responds, paying for legal costs, settlements and damages associated with employment practices allegations.
*Please note that this information is provided as a general overview only for agents, brokers and health care businesses. Actual coverage may vary and is subject to the actual policy language as issued. Eligibility and pricing is based on each individual risk.