Capabilities and Product Updates

February 27, 2019

With the recent court rulings involving the Affordable Care Act, rapidly changing carrier appetites and fledgling markets, you can rely on OneBeacon Healthcare Group. Our underwriting teams are fully staffed, and our flexible approach combined with experience and expertise allows us to craft solutions for a variety of risks.

We continue to tailor our products to meet changing delivery models and emerging risks. Here are a few updates by segment to help give you a clear understanding of our appetite and capabilities

Managed Care

  • We have a broad appetite for all categories of managed care organizations including:
    • Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs)
    • IPAs
    • MSOs
    • ACOs and others
    • Our focus is on small to mid-market organizations  
  • We offer a recently updated management liability form, with an option for Employed Lawyers Professional Liability coverage, allowing us to write the E&O and management liability coverages with separate or shared limits.  
  • We offer risk management services provided by Jackson Lewis for EPL policyholders.
  • Review our product profiles and claim scenarios for additional details.  

Contact Jesica Wardwell for more information

Medical Facilities and Providers

The impact of emerging healthcare delivery models and unique risks are most prevalent in this segment. Our underwriting, product development and legal resources understand our customers' unique risks, and can collaborate to develop tailored solutions.

Target classes include:

  • Medical staffing
  • Home healthcare
  • Specialty pharmacies
  • Laboratory
  • Dialysis centers
  • Employee wellness
  • Urgent care
  • Medical imaging and more

We target small to medium-size risks with minimum premiums starting at $3,500 for most classes.

Recent policy enhancements include:

  • Separate sexual misconduct/physical abuse insuring agreement available
  • Reimbursement coverages for certain:
    • Workplace violence events
    • Regulatory billing errors proceedings
    • Privacy breach events

Contact Sarah Logue for more information.

Physician and Physician Groups 

With ongoing M&A activity of larger physician groups and organizations, we have shifted our focus to smaller and medium size physician groups, and added new classes to our appetite including medical directors and Management Service Organizations.

Targeted classes include:

  • Anesthesiology
  • Medical schools
  • Regional hospitalists
  • Multi-specialty groups
  • Medical directors 
  • Management Service Organizations

Eligible risks include physician accounts with a minimum policy premium of $10,000.

Policy enhancements include:

  • Coverage for certain legal defense proceedings
  • Reimbursement coverages for certain:
    • HIPAA proceedings
    • Regulatory billing errors proceedings

Physician Professional Liability Retroactive Coverage

  • Introduced to the marketplace seven years ago by OneBeacon, the need for stand-alone physician professional liability retroactive coverage (ERP) continues to be in high demand.
  • Defense costs are in addition to the limits of liability.
  • Consent to settle rests with the First Named Insured.
  • First dollar coverage offered in most situations.
  • Short term payment plans available.
  • Availability to be purchased for solo physicians as well as large group practices.

Contact Heather Van Bibber for more information. 

Claims and Risk Management Services

  • Expert risk management content like webinars, articles and guides are available to all OneBeacon Healthcare Group insureds.
  • OneBeacon regularly hosts webinars for insureds and other invited attendees.
  • Our claims team has an average of twenty years of claims handling experience, with nursing and legal backgrounds that bring a real world view to a claim.

This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to the actual policies or consult with your independent insurance advisor for descriptions of coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.