Hylant Group | Medical Risk Practice Update


		Issue 1


	Too often healthcare professionals shifting into administrative roles are improperly covered for a variety of liabilities. A common misconception among those who wear multiple hats is that existing medical malpractice coverage applies to all responsibilities of an evolving leadership position, such as medical directorships, even if it is only part time or temporary. Not so, contend many major carriers. In fact, recent cases reveal that underwriters cannot honor claims related to many administrative actions that fall outside of the scope of most malpractice policies.

	For any physician or other healthcare professional whose duties change based on organizational needs, their coverage must be amended to reflect new exposures. In many cases, this could require additional insurance coverage to address these exposures. For administrative work, some level of executive risk coverage often resolves the issue. For more information, contact a Hylant Medical Risk specialist at (419) 259-6028.

The Hylant Group is pleased to announce this specialized e-newsletter for healthcare professionals concerned with their rapidly changing industry and its effect on the cost of risk to their organizations.

Each quarter, members of Hylant's Medical Risk Practice will provide industry news and evolving trends that can help you and your organization more effectively manage risk. We hope this forum will be of value to you, and we welcome your feedback.

Please contact us with any topics or questions you may have about a variety of issues that could impact physicians, hospitals, life sciences, allied healthcare, long-term care, medical equipment and pharmaceuticals.

Hylant's Medical Risk Practice is dedicated to providing its clients with in-depth industry knowledge that can help lower costs and reduce risk.

— Steve Bogart
Vice President
Steve.Bogart@hylant.com

Hylant Group Announces New Medical Risk Practice | Nation's sixth largest privately held commercial insurance brokerage to specialize in healthcare

The Hylant Group has assembled its most accomplished healthcare risk professionals to form the new Medical Risk Practice. While Hylant has a long history of serving the healthcare industry, the practice was formalized to further enhance risk management and insurance brokerage services for a variety of medical professional organizations.

The move also comes in response to increasing economic pressures placed on healthcare professionals today, and the subsequent need for brokers to maintain greater industry knowledge and dedication to specific segments.

With that, Hylant has assigned a number of experienced brokers and consultants to serve clients in specific areas, such as medical malpractice for physicians, hospitals, long-term care entities and ancillary medical professional organizations.

"As the business of healthcare grows increasingly more complex, we determined that our professionals must lead the industry in experience and the ability to provide a number of industry best practices and alternative solutions to reducing costs," said practice leader Steve Bogart.

The group is also staffed with specialists who can serve several areas such as directors and officers liability, general property and casualty, business overhead expense, equipment maintenance programs and personal insurance and financial services.

Watch for more information about Hylant's Medical Risk Practice, or contact a member directly at (419) 255-1020.