Admiral’s Professional Liability department is continuing to deliver unique solutions to the insurance marketplace by adding a new Virtual Care insurance policy to its lineup of specialty professional and excess liability products. This coverage is made available exclusively by our national network of wholesale brokers.
What is Virtual Care insurance?
The rapidly evolving industry of advanced technology solutions designed to support healthcare services has created a gap in the insurance marketplace which neither a medical malpractice nor technology professional liability policy can properly address.
Drawing on our longstanding expertise in providing market leading Professional Liability insurance products for both medical and technology professionals, Admiral is bridging that gap with our Virtual Care product.
Virtual Care Coverage
Learn more about Admiral’s Virtual Care coverage, including coverage capabilities and sample classes.
Coverage Capabilities
- Primary and excess limits up to $5M
- Medical Malpractice, Tech E&O, Media Liability and a full suite of Cyber coverages all in one policy
- Combination PL & GL policy available
- HIPAA and privacy laws regulatory coverage included
- Cyber enhancements built into the policy
- Bricking, System Failure, Reputational Harm Loss & Cyber Crime
- Physicians can be added by endorsement
- License Defense, Billing Errors, EMTALA and Stark Proceedings coverage
- Peer review protection coverage
- Broad bodily injury coverage in E&O and Cyber Liability
- Property damage coverage also included in E&O
Sample Classes
- Custom healthcare software development and licensing
- General wellness mobile application or platform
- Telehealth platform for remote patient consultations
- Remote patient monitoring technology
- Teleradiology services
- Diagnosis and treatment plan analytics software
- Medical care coordination and referral platform
- Healthcare technology consulting
- Value-added reseller of healthcare technology
Organizations entering this emerging industry of technology that directly support patient care face a unique combination of risks, including but not limited to:
- Medical malpractice claims
- Bodily injury and property damage caused by technology solutions used in the course of providing medical care
- Financial loss as a result of technology failure
- Media liability and copyright infringement arising out of media content and software code
- Breaches of patient and other confidential information and the resultant response costs
- HIPAA and Privacy law regulatory violations
- Business interruption income loss from network outages or system failure
- Cyber extortion losses
- General Liability and Products/Completed Operations claims
