Endorsement targets health care infectious disease outbreak losses
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Hamilton, Bermuda-based Ironshore Inc.’s specialty health care insurer IronHealth endorsement on excess policies for emerging infectious disease business interruption coverage.
The drop-down coverage, which was designed for health care facilities, will provide additional limits of up to $3 million above the underlying policy limit, Ironshore said Monday in a statement.
The coverage will reimburse hospitals, health systems, long-term care facilities and group physician practices for business income loss resulting from an infectious disease event, such as Ebola, HIV/AIDS, Influenza A or Legionella in their facility, Ironshore said.
Saying health care organizations can “suffer significant business income losses” from an outbreak of infectious disease, the endorsement on excess policies will “lessen the financial consequences,” IronHealth President Matt Dolan said in the statement.
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