Berkshire Hathaway Specialty Insurance today announced that it is expanding its health care professional liability capabilities to offer customers highly customized risk management support.
With the new support process in place, during the underwriting process, the company's underwriters engage customers and brokers in discussion of risk management goals. Once an opportunity to collaborate is agreed upon, according to the insurer, customers can request reimbursement for many types of services, from clinical risk management support, to quality and patient safety initiatives, using the vendor of their choice. The reimbursement value is in proportion to the Berkshire Hathaway Specialty participation on the insurance program.
"Our approach allows us to be flexible in providing support precisely where our customers ask for it, whether they want to expand the use of the risk management services they receive from their broker, or bring greater focus to assessing specific clinical risks," said Leo Carroll, SVP, health care professional liability, at Berkshire Hathaway Specialty, adding that his group has an appetite to insure a broad range of sophisticated health care providers.
