Articles

RSS

Westbrook, ME - Acadia Insurance announced recently that it is offering expanded property and casualty coverage for professionals who own and maintain medical offices and facilities throughout New England and New York.

The Acadia Rx Medical Office Program serves the specialized property and casualty insurance needs of doctors, dentists and other allied health professionals. Acadia's program is designed to address exposures beyond professional liability by providing coverage for property and equipment and for general liability exposures inherent in running a business.

"Acadia's Rx Medical Office Program is a highly specialized package that truly caters to the needs of medical professionals," said Susan Grady, Vice President of Strategic Markets, Acadia Insurance. "With new advances in technology and the rapidly changing healthcare industry, it is essential for these professionals to feel their offices and equipment are adequately protected."

Grady cited a recent fact from the Bureau Labor of Statistics showing that healthcare firms are a vibrant and growing sector of the U.S. economy employing large numbers of workers in professional and service occupations. Together, these two occupational groups account for 76 percent of jobs in the medical industry. Grady emphasized that in addition to specialized commercial property coverages, the Acadia Rx Medical Office Program offers business owners comprehensive Workers Compensation services including risk management and claims reporting.

In addition to diverse coverage capabilities, the Acadia Rx Medical Office Program offers expanded coverages including:

• Employees' Medical Instruments & Work Clothing - $500 per item/$15,000 limit
• Medical Hazardous Waste & Radioactive Cleanup - $15,000
• Patient's Money and Securities - $10,000 aggregate
• Patient's Personal Effects - $2,500 aggregate
• Employee Dishonesty
• Money and Securities
• Water Backup and Sump Overflow
• Spoilage

In addition, coverage extensions are available to handle larger medical equipment exposures.

The program is available through all independent agents who represent Acadia Insurance and is subject to applicable underwriting guidelines. For more information, please contact your local Acadia agent or visit our website at www.acadiainsurance.com.

SOURCE: Acadia Insurance