CNA announces the latest innovation in medical product liability: its
launch of one of the broadest insurance coverage portfolios in the
marketplace. Industry leaders in the life science arena for nearly two
decades, CNA’s HealthPro Advanced Medical
Technology unit now provides a new generation of coverage for product
liability along with products designed to address professional liability
exposure. The new policy forms are clear and concise with broad coverage
terms as well as additional highlights, including: circumstance
reporting, a "related claims”
provision, Advertising Injury/Personal Injury protection for clinical
trials, dual coverage trigger for both Professional Liability and
Products Work-Hazard Liability, and an automatic primary and
non-contributory provision.
"We have a strong commitment to the companies
that develop and manufacture health care products. Thus, we are
continually adapting our underwriting philosophies and coverages to meet
their needs,” said Mark Wood, vice president,
AMT. "Not only do our clients receive the
expertise and broad coverages provided by our team, they also have
access to other CNA insurance products and services, providing the
necessary protection from claims and lawsuits from a variety of sources.”
In addition to products and professional liability coverages, AMT
provides other insurance products tailored to the life sciences
industry, including: Premises Liability, Property and Business Income,
Workers’ Compensation and Umbrella liability
policies. All are supported by a dedicated team of underwriters, claim
professionals and risk control consultants. For details on these new
coverage forms, which are available in all states, call 888-666-4776 or
visit www.cna.com/healthpro.
With more than $1 billion in gross written premium, CNA HealthPro is a
national leader in liability insurance for the health care and life
sciences industry. Dedicated underwriting, claim and risk control
professionals provide HealthPro customers with the right products and
services to achieve long-term prosperity and peace of mind.
CNA is the country’s seventh largest
commercial insurance writer and the 14th
largest property and casualty company. CNA’s
insurance products include standard commercial lines, specialty lines,
surety, marine and other property and casualty coverages. CNA's services
include risk management, information services, underwriting, risk
control and claims administration. Please remember that only the
relevant insurance policy can provide the actual terms, coverages,
amounts, conditions and exclusions for an insured. All products may not
be available in all states. CNA is a registered service mark, trade name
and domain name of CNA Financial Corporation.
FORWARD-LOOKING STATEMENT
This press release includes statements which relate to anticipated
future events (forward-looking statements) rather than actual present
conditions or historical events. You can identify forward-looking
statements because generally they include words such as "believes”,
"expects”, "intends”,
"anticipates”, "estimates”,
and similar expressions. Forward-looking statements, by their nature,
are subject to a variety of inherent risks and uncertainties that could
cause actual results to differ materially from the results projected.
Many of these risks and uncertainties cannot be controlled by CNA. For a
detailed description of these risks and uncertainties please refer to CNA’s
filings with the Securities and Exchange Commission, available at www.cna.com.
Any forward-looking statements made in this press release are made by
CNA as of the date of this press release. CNA does not have any
obligation to update or revise any forward-looking statement contained
in this press release, even if CNA’s
expectations or any related events, conditions or circumstances change.
Any descriptions of coverage under CNA policies or programs in this
press release are provided for convenience only and are not to be relied
upon with respect to questions of coverage, exclusions or limitations.
With regard to all such matters, the terms and provisions of relevant
insurance policies are primary and controlling. In addition, please note
that all policies may not be available in all states.
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