Travelers Bond & Financial Products has launched Wrap+ for Health Care Organizations for new and existing health care customers. The program is offered to qualifying organizations that provide direct medical services to patients including hospitals and health systems, clinics and physician groups, hospice and home health care centers, behavioral and mental health facilities, and more
Highlights include:
o An option to select an additional defense limit of liability that responds first to preserve the base limit of liabilityo Spousal coverage that includes domestic partnerso Automatic coverage provided for majority-owned subsidiaries formed or acquired during the policy period when their assets are less than 25 percent of the total assets of the insured organizationo Defense expense coverage for foreign parent corporations for their vicarious liability when named jointly in a lawsuit with a Travelers Insured, as long as the corporation and Travelers Insured use the same legal counsel to defend themo A defense option to select duty to defend or reimbursement coverage at policy inception; and much more
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