General and Professional Liability
The Montana Health Network Liability and Casualty Exchange has been providing malpractice and general liability since 1999. A key advantage of this program is that it is Montana based and monitored by the State of Montana Commissioner of Insurance. Another advantage is that the members are considered low risk which keeps premium down. This model takes advantage of the tax status of the healthcare facilities. This program also includes options for excess coverage, employers benefit liability, and hired and non-owned auto.
Directors and Officers
Through a partnership with CHUBB Insurance, member facilities can purchase D&O coverage. In addition, Employment Practices Insurance and Anti-Trust Insurance is included.
CHUBB offers special risk management incentives and will return 5% of premium by refunding 50% for certain education, updating policy manuals, pre-employment and leadership training. These programs need to be approved in advance by CHUBB Insurance.
Privacy and Security Insurance
With the world of electronic medical records upon us, there are new risks related to protecting information. There are many examples of breaches from lost/stolen laptops to hacked computers. The cost of reporting, notifying and recovering from one of these situations can be staggering. Privacy and Security insurance provides risk management on the front end and financial protection on the back end.
Hired and Non-Owned Auto Insurance
Some facilities don't have a vehicle but still need coverage for the risk they take when employees use their own cars for facility business. This policy is a niche policy for this situation.