Financial Institutions
Managed Care Organizations Coverage
Chatham Insurance Services
In partnership with Chatam Insurance Services, Travelers offers a suite of professional and managment liability coverages tailored to the managed care industry.
The Managed Care Industry Includes:
- All HMO's, PPO's, POS and Indemnity Plans
- Vision, Dental and Prescription Drug Plans
- Prescription Benefit Managers
- Physician Practice Management Companies
- Credentialing / Peer Review / Utilization Review Organizations
- TPA's that do MCO claims processing
- Self-funded plans / Medicare / Medicaid plans
- Network Management / Provider Services / Purchasing Groups
- Medical Groups and Independent Physician Groups
- Physician Hospital Organizations
- Administrative Services Only Organizations
- Case or Disease Management Companies
For applications, marketing material and specimen policies, visit www.chathamins.com
Coverages Offered:
- Managed Care Errors & Omissions (E + O)
- Directors & Officers
- Employment Practices
- Fiduciary Liability
- Fidelity and Computer Crime including Financial Institution Bonds
- Identity Fraud Expense Reimbursement
- Kidnap, Ransom and Extortion
Managed Care Organization E&O Liability
Managed Care Organization E&O Liability Plus+ SM coverage is available on a primary basis to all managed care organizations. Each plan is inidividually underwritten, recognizing the plan's unique coverage requirements. These products are underwritten by Travelers Excess & Surplus Lines Company, a U.S. based surplus lines insurer and are only available through surplus lines licensees.
Managed Care Organization Directors & Officers Liability Wrap +®
Directors & Officers Liability provides coverage for the directors and officers, the managed care organization's indemnification obligation and for the organization itself. Coverage includes the defense costs, settlements and judgements associated with claims made for breaches of duty and wrongful acts of the directors and officers. Also available is a Broad Form Directors and Officers Liability policy that provides non - indemnifiable directors and officers coverage and difference in conditions coverage.
Managed Care Organization Employment Practices Liability Wrap+®
This coverage protects plans from the potentially catastrophic costs of employment litigation stemming from claims alleging discrimination, wrongful termination and sexual harassment.
Fidelity (Wrap+) and Financial Institution Bonds (SelectOne)®
Provides fidelity/employee dishonesty and computer crime coverages to meet needs of the specific organization.
Identity Fraud Expense Reimbursement Coverage
Travelers Bond & Financial Products provides this coverage for the benefit of either the employees or the customers of a health plan, indemnifying individuals for certain expenses associated with restoring their credit.
Excess Coverage
We can also offer excess coverage to managed care organizations for any of the above mentioned products.
Chatham Insurance Services
Founded in 2002, Chatham Insurance Services, Inc. (CIS) is the Managing General Underwriter for Travelers Bond & Financial Products providing professional liability coverages to the managed care industy. CIS employees have been underwriting this unique line of coverage since 1987. CIS utlizes their managed care industry and professional liability expertise along with the breadth of products offered by Travelers Bond & Financial Products to address the liability and surety needs of all types of managed care organizations.
Risk management services
In addition to offering effective management liability insurace, access to Risk Management Plus + Online® is included with employment practices or fiduciary liability coverage. This comprehensive, cutting-edge risk management program delivered via the Internet helps decrease exposure to related claims by providing loss prevention tools, risk management resources, workplace information and training to our EPL and Fiduciary policyholders.