This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ACE USA Expands Coverage For Hospitals And Miscellaneous Healthcare Facilities

ACE USA, the U.S.-based retail operations of the ACE Group, today announced the introduction of four new coverage endorsements to include: Media Event Expense, Disciplinary Proceeding Defense, Emergency Evacuation Expense, and Patient Property Damage, by its ACE Medical Risk & Life Sciences Division. The new endorsements are designed to supplement ACE’s current Primary Hospital and Miscellaneous Healthcare Facilities Professional and General Liability product offerings. In addition, the endorsements provide reimbursement for unplanned expenses that these entities may incur when a harmful event happens.

“ACE continues to demonstrate its commitment to the unique specialty coverage needs of the healthcare industry,” said Caroline Clouser, Executive Vice President, ACE Medical Risk & Life Sciences. “We are pleased to offer these additional coverage endorsement options to help alleviate concern among hospitals and healthcare facilities as they seek to mitigate risks in the face of an unforeseen event. The new endorsements help to provide peace of mind for the facilities and their patients in the event that any of these unanticipated incidents may occur.”

The new endorsements include the following coverages and benefits:

Media Event Expense Coverage Endorsement:

Provides reimbursement limits up to $25,000 for expenses incurred by the insured as a result of a media event. The endorsement helps a facility mitigate the financial and reputational risk associated with negative media attention or publicity resulting from an incident, claim or investigation.

Disciplinary Proceeding Defense Coverage Endorsement:

Provides reimbursement limits up to $20,000 for expenses incurred by an insured in the course of a disciplinary proceeding. The endorsement provides reimbursement for legal fees and expenses required to defend an insured provider if an investigation, proceeding or other pending matter is instituted by a federal or state professional licensing board against the insured.

Emergency Evacuation Expense Coverage Endorsement:

Provides reimbursement limits up to $25,000 for expenses incurred by the insured as a result of an emergency evacuation of the premises. The coverage endorsement helps to decrease the financial impact of an emergency situation that requires an evacuation of patients. Reimbursement is available for certain expenses incurred as a result of the evacuation, including the costs associated with the transportation and relocation of patients.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs