Management liability claim payouts tripled between 2008 and 2016, according to the Advisen database. What are the factors within the healthcare industry that may have contributed to this increase? How can healthcare organizations use insurance products and solutions to address certain exposures? Find out in CNA and Advisen’s free, 3-page paper.
The enactment of the Affordable Care Act fundamentally changed the management liability landscape for healthcare entities. Challenged with lower margins, healthcare entities engaged in consolidation efforts involving numerous mergers and acquisitions. Programs and work were done with limited resources which created an inherent management liability risk, with the potential for more costly litigation.
According to the Advisen database, management liability claims more than tripled between 2008 and 2016. All the more reason for entities to secure management liability insurance. Without it, healthcare entities may become exposed to expensive lawsuits, high indemnity awards or complex settlements that may result from claims.
Find out in this paper how policyholders would benefit from understanding the coverages that will address certain exposures, as well as access to specialized and experienced claim professionals. The key is to work with those who are knowledgeable in the risk management philosophy implemented by healthcare organizations.