Healthcare Industry – Designing the right “Coverage”
Old Republic was approached by the broker for a leading heath care service company to address the client’s dissatisfaction with the existing carrier. The customer desired large deductible General Liability and Auto Liability policies with some unique coverage forms. As discussions unfolded, the client also desired some professional liability coverage. The existing carrier was not willing to amend their standard coverage forms to the client’s satisfaction.
Old Republic met with the client / broker to fully discuss the underlying coverage issues. Senior Old Republic underwriting personnel drafted coverage forms that would solve the client’s coverage issues. Old Republic also put forth attractive proposal terms for premium and collateral that allowed the client to move their Liability policies to Old Republic.
Subsequent to the insured binding the coverages above, additional liability policies were issued to help solve contractual issues for one of the client’s subsidiary companies.
In the end, Old Republic put forth solutions to the client / broker and helped solve their insurance coverage problems. This is another example of how Old Republic listened to our clients and brought value to the table.
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