Whether you're going under a surgeon's knife or hiring an attorney to take a business contract dispute to court, there are risks of unintended outcomes, but until recently you couldn't buy insurance to cover them.
Two program managers–a former executive of a medical malpractice insurance company and a plaintiffs' attorney–have separately launched what they believe to be groundbreaking specialty insurance programs designed to address complications that can arise from such professional services arrangements.
Andrew Kagan, chief executive officer of Surgical Risk Solutions–the Jacksonville, Fla.-based program manager for Complication Insurance–explained that the patent-pending coverage provides financial resources to patients in the event of adverse outcomes following any one of 80 covered elective surgical procedures.
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