Ascent Underwriting, a niche-product managing general agent, has launched a professional liability product for allied health practitioners and facilities in the U.S.
Ascent’s new Allied Health product includes a combination of cyber cover, regulatory billings coverage and medical liability insurance for healthcare professionals under a single policy.
Ascent Allied Health can be arranged and bound through conventional broker channels and via Ascent’s quote-and-bind platform, OPTIO.
Ascent Allied Health is a comprehensive product that addresses the broad range of risks faced by practitioners across care services and medical sectors. In addition to professional liability exposures, the full product covers healthcare data protection risks and the business risks associated with non-compliance with HIPAA billing legislation.
Development of Ascent Allied Health was led by healthcare underwriter Ben Wilson, who joined Ascent in 2017 to help expand the MGA’s specialist insurance offering for the industry. Ascent has been growing its presence in the U.S. healthcare market. It has formed relationships with a large number of healthcare facilities and practitioners through its CyberPro and Regulatory Billings E&O products.
The Allied Health product is available on a combined or stand-alone basis.
Gareth Tungatt, chief underwriting officer at Ascent, said the product is the first of several new products in the pipeline.
Ascent is a specialist managing general agent underwriting on behalf of a number of Lloyd’s Syndicates.
Topics Legislation New Markets Insurance Wholesale Professional Liability
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