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Are all HPL forms basically the same?While hospital professional liability (HPL) carriers offer “shell” policy wording that is somewhat similar, many differences exist between different carriers’ policy forms and endorsements. More importantly, each insured’s insurance needs are unique, and require tailored solutions.
HPL Insurance Program Audit ServicesAon Healthcare’s team of healthcare experts can conduct a detailed analysis of HPL and general liability policies to determine whether the terms and conditions are appropriate and “state of the art,” and will provide you with a list of suggested coverage enhancements to your program. In addition, using its proprietary client database, Aon Healthcare can provide you with benchmarking analyses to determine whether your existing limits, retention and premium are in line with those of your peers, and are adequate for your individual risk profile.
Hospitals are the target of frequent claims, with costly and sometimes severe consequences. Patients, physicians and a host of third parties are all potential claimants, and the types of allegations they levy against hospitals are numerous. Those allegations include:
Failure to oversee quality of care by staff physicians (credentialing, privileging, peer review) • Failure to develop or follow appropriate policies and procedures• Failure to hire qualified and/or specialized personnel• Failure to staff to adequate levels• Failure to prevent patient injury• Responsibility for employed physicians and nurses (via the Respondeat Superior Doctrine)•
... and so on. While most hospitals purchase HPL insurance to provide protection against such claims, if policies are not properly worded, the coverage may not respond when it is needed most.
An audit can include some or all of the following:Insurance coverage and claims trends• Program overview, analysis and recommendations• Limits, retentions and rate-per-bed benchmarking• Clinical outcome benchmarking• Claims benchmarking•
Hospital Professional Liability Insurance Program Audit Services
Aon Contact:
Gisele NorrisNational Director,
Aon Healthcare p: +1.415.458.2973
Dan SchmidtSenior Vice President,
Aon Healthcare p: +1.415.486.7422
Aon’s CredentialsAon Healthcare provides risk assessment, advisory, insurance program placement and claims services for hospitals, healthcare systems, for-profit healthcare facilities, elder services facilities (long-term care, assisted care, etc.), managed care organizations, physician practices and other healthcare-related businesses.
Aon Healthcare’s professionals have expertise in hospital and elder services administration, finance, risk management, clinical care, claims, law, risk control, underwriting, government and managed care. We stay abreast of national and local industry trends in healthcare, insurance, reinsurance, and risk capital markets, as well as national and local regulations and legislation. Armed with this insight and knowledge, we help you prepare for change.
