November 13, 2024 by matray

Admiral Insurance Group, a Berkley Company providing wholesale-dedicated excess and surplus (E&S) lines commercial insurance, announced the company will be adding virtual care to its primary and excess professional liability products.

The rapidly evolving field of specialized technology services and products designed to assist healthcare providers has created a gap between medical malpractice and technology errors and omissions (E&O) insurance policies. As a result, there is a growing demand for insurance products that will effectively address the unique risks associated with these advancements.

"As technology is ever evolving, especially in the medical field, so are the associated risks," stated Nir Gabay, senior vice president, head of professional liability at Admiral. "We're excited to now be offering our Virtual Care coverage that addresses those unique risks with comprehensive solutions."

Virtual care coverage will be offered exclusively through Admiral's nationwide network of wholesale brokers. The policy offers primary and excess limits up to $5 million, encompassing a comprehensive range of coverages, including medical malpractice, technology errors and omissions (E&O), media liability and a full suite of cyber coverages, all within a single policy.

According to Admiral, it embraces a diverse range of specialized classes by leveraging their extensive experience in delivering high-quality professional liability insurance solutions designed for medical and technology professionals. Their virtual care coverage sample classes include custom healthcare software development and licensing, remote patient monitoring technology, teleradiology services and healthcare technology consulting, to name a few.