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New York—Willis Group Holdings P.L.C. has announced a liability policy for newly formed accountable care organizations.
ACOs were created as a part of the Patient Protection and Affordable Care Act, which allows health care providers to offer a range of services for patients by banding together. Intended to address the challenges of having multiple stakeholders, the Accountable Care Organization Liability Insurance Policy is underwritten by Simsbury, Conn.-based IronHealth, a division of Ironshore Inc.
The potential problems for these groups can include privacy issues, regulatory risks, group billing challenges and legal issues stemming from state and federal laws, a statement said.
“Health care delivery model changes will happen regardless of the fate of health care reform and we are very excited to partner with IronHealth to meet this client need,” said Frank Castro, the national health care practice leader at Willis North America, in a statement.
The coverage includes general liability, directors and officers liability, managed care errors and omissions liability, medical professional liability, first- and third-party privacy protection, fiduciary liability and a government billing errors and omissions liability option.
Aggregate limits are available up to $25 million, self-insured retentions are offered as low as $15,000, and limits may vary based on coverage part.
For more information, contact Mr. Castro at 213-607-6304 or firstname.lastname@example.org.