{"id":4601,"date":"2014-10-20T01:38:00","date_gmt":"2014-10-20T01:38:00","guid":{"rendered":"https:\/\/www.healthlawpolicymatters.com\/?p=4601"},"modified":"2021-11-03T01:39:56","modified_gmt":"2021-11-03T01:39:56","slug":"business-interruption-insurance-for-ebola-managing-risk-for-hospitals-and-healthcare-providers","status":"publish","type":"post","link":"https:\/\/www.healthlawpolicymatters.com\/2014\/10\/20\/business-interruption-insurance-for-ebola-managing-risk-for-hospitals-and-healthcare-providers\/","title":{"rendered":"Business Interruption Insurance for Ebola \u2013 Managing Risk for Hospitals and Healthcare Providers"},"content":{"rendered":"\n<p><em><strong>Written by:&nbsp;<\/strong><\/em><strong>&nbsp;<\/strong><a href=\"https:\/\/web.archive.org\/web\/20141031221633\/http:\/\/www.mintz.com\/professionals\/detail\/name\/heidi-a-lawson\" target=\"_blank\" rel=\"noreferrer noopener\">Heidi Lawson<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20141031221633\/http:\/\/www.mintz.com\/professionals\/detail\/name\/scott-a-rader\" target=\"_blank\" rel=\"noreferrer noopener\">Scott Rader<\/a><\/p>\n\n\n\n<p>William Gallagher Associates, a Boston-based insurance broker, has\u00a0<a href=\"http:\/\/www.wgains.com\/launches-pandemic-response\/\">announced the rollout of a new policy<\/a>\u00a0to cover Ebola-related losses at hospitals and other healthcare providers involved in primary care emergency treatment.\u00a0 Styled as\u00a0<em>Pandemic Disease Business Interruption Insurance<\/em>\u00a0and provided by the Ark Syndicate at Lloyd\u2019s, this policy will provide insurance coverage to healthcare providers arising out of a \u201cnon-physical damage event\u201d like a voluntary or mandatory quarantine of nurses and medical professionals.\u00a0 Covered losses under the policy are contemplated to include the cost of paying for staff replacements and the reimbursement of lost revenues due to quarantines, and the cost of stockpiling additional supplies and vaccines on a daily basis.\u00a0 The product is planned to be sold as a bespoke insurance policy tailored to a client\u2019s individual needs, and will be written on a contract-by-contract basis without any standard set of exclusions.\u00a0 With\u00a0<a href=\"http:\/\/www.cnn.com\/2014\/10\/14\/world\/europe\/ebola-outbreak\/index.html\">Ebola cases on the rise<\/a>\u00a0this insurance could help providers manage this costly risk by providing important business interruption protection.\u00a0 Since this insurance coverage will be tailored to a client\u2019s individual needs, special attention should be given to the policy wording and scope of coverage to make sure the coverage meets the expectations of the insured.\u00a0 In addition, because this coverage is being underwritten by the Ark Syndicate at Lloyd\u2019s, particular consideration should be given to choice of law and choice of venue clauses.\u00a0 If you have any questions regarding this new insurance product, or regarding a legal review of other insurance coverages for hospitals and healthcare providers, please contact\u00a0<a href=\"mailto:SARader@mintz.com?subject=Ebola%20Insurance%20Question\">Scott Rader<\/a>,\u00a0<a href=\"mailto:EKurpis@mintz.com?subject=Ebola%20Insurance%20Question\">Elizabeth Kurpis<\/a>\u00a0or\u00a0<a href=\"mailto:HALawson@mintz.com?subject=Ebola%20Insurance%20Question\">Heidi Lawson<\/a>.\u00a0 Also, watch this space in the coming weeks and months to see if any other insurance carriers will be willing to offer similar business interruption coverage to providers (and even other businesses) that could be impacted by Ebola.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Written by:&nbsp;&nbsp;Heidi Lawson&nbsp;and&nbsp;Scott Rader William Gallagher Associates, a Boston-based insurance broker, has\u00a0announced the rollout of a new policy\u00a0to cover Ebola-related losses at hospitals and other healthcare providers involved in primary care emergency treatment.\u00a0 Styled as\u00a0Pandemic Disease Business Interruption Insurance\u00a0and provided by the Ark Syndicate at Lloyd\u2019s, this policy will provide insurance coverage to healthcare providers &#8230; <a title=\"Business Interruption Insurance for Ebola \u2013 Managing Risk for Hospitals and Healthcare Providers\" class=\"read-more\" href=\"https:\/\/www.healthlawpolicymatters.com\/2014\/10\/20\/business-interruption-insurance-for-ebola-managing-risk-for-hospitals-and-healthcare-providers\/\" aria-label=\"More on Business Interruption Insurance for Ebola \u2013 Managing Risk for Hospitals and Healthcare Providers\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_generate-full-width-content":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.healthlawpolicymatters.com\/wp-json\/wp\/v2\/posts\/4601"}],"collection":[{"href":"https:\/\/www.healthlawpolicymatters.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.healthlawpolicymatters.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.healthlawpolicymatters.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.healthlawpolicymatters.com\/wp-json\/wp\/v2\/comments?post=4601"}],"version-history":[{"count":2,"href":"https:\/\/www.healthlawpolicymatters.com\/wp-json\/wp\/v2\/posts\/4601\/revisions"}],"predecessor-version":[{"id":4603,"href":"https:\/\/www.healthlawpolicymatters.com\/wp-json\/wp\/v2\/posts\/4601\/revisions\/4603"}],"wp:attachment":[{"href":"https:\/\/www.healthlawpolicymatters.com\/wp-json\/wp\/v2\/media?parent=4601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.healthlawpolicymatters.com\/wp-json\/wp\/v2\/categories?post=4601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.healthlawpolicymatters.com\/wp-json\/wp\/v2\/tags?post=4601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}