Excess Liability — Additional Limit Option

Why settle for generic Excess Capacity when you can get so much more – at no extra charge? With a Healthcare Professional Liability or Managed Care Errors and Omissions excess policy from IronHealth, insureds automatically receive our exclusive Additional Limit Option which provides the insured with the ability to purchase additional liability limits during the policy period as if they had bought it on day one. It's a real lifeline for the organization under siege from claim activity or severity that's much higher than anticipated in a policy year.

• Additional Limit Option included at no additional cost
• Additional premium only charged when the option is exercised
• - Not to exceed 30% of the limit purchased when exercised during the policy period
• - Not to exceed 40% of the limit when exercised during the 12 months following policy expiration, for insureds who renew their policy with IronHealth

Additional Limit Option — another unique coverage feature from IronHealth

How it works

• Provides the insured with the ability to purchase additional liability limits during the policy period
• Automatically included with all Managed Care E&O and Hospital Professional Liability excess policies
• If exercised, the additional limit attaches as new limit on top of the program
• The insured can exercise the option at any time during the 12 month policy period, and the additional limit will become effective retroactive to the original policy inception date; if the insured renews their policy, they will be given an additional 12 months from the original policy expiration date to exercise the option
• Insured has the option to purchase additional limits up to the amount of limits originally purchased with IronHealth, subject to a maximum of $10 million
• Additional premium payable for the new limit will be determined at the time of exercise, but will not exceed 30% of the limit purchased if the option is exercised during the policy period, and 40% of the limit if the option is exercised during the 12 months following the policy expiration (available only for those insureds who renew their policy with IronHealth)
• A 10% commission will be paid on the additional premium for the new limit for those accounts where commission was originally paid. Net deals will not be eligible for commission
• This option is available on an insurance basis as well as for captives that purchase reinsurance

Now that's peace of mind. Not to mention economical. No up-front cost – and, compare the premium savings, if the entity could get insured at all, after the fact. Simply put, by not choosing IronHealth, you're turning your back to superior coverage and loading on additional risk.

IronHealth's Hospital Professional Liability coverage also offers insureds market-leading Drop Down Coverage and the only available Excess Liability Limit Reinstatement Provision.