Insurance Solutions for Health Care Organizations

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1 Insurance Solutions for Health Care Organizations Is your organization at risk? A health care organization s complex exposures require expert, state-of-the-art insurance protection. Fortunately, Chubb offers a wide range of insurance products and services that address many of the most critical exposures faced by today s health care organization and its directors, officers, and employees. Chubb: Rx for Risk For decades, Chubb has provided specialized insurance solutions to help protect health care organizations from financial loss. With years of experience, in-depth knowledge of the marketplace, financial stability, capacity, and unparalleled loss prevention and claims services, we bring consistency to an industry filled with change and fraught with risk. Insurance Solutions at a Glance: Property Machinery Breakdown Builders Risk Directors and Officers Liability Employment Practices Liability Fiduciary Liability Crime Environmental Site Liability Kidnap/Ransom and Extortion Outside Directorship Liability Cyber Insurance Designed for: Ambulatory surgery centers Assisted living facilities Dental practices Hospitals Health care systems Imaging centers Managed care associations Medical laboratories Medical offices and clinics Nursing homes Professional health care associations Employed Lawyers Professional Liability Workplace Violence Expense

2 Policies and Selected Highlights Property Insurance Up to $1 billion property limit capacity. Broad all-risk property/income perils, such as water damage, change in temperature or humidity, marring and scratching, and breakage of fragile articles. Business income insurance automatically includes: Worldwide dependent business premises, including extra expense. Loss of utilities, including Internet service. Thirty days for civil authority. Ordinance or law. Option for research & development income insurance. Boiler and machinery insurance, automatically included in property policy, helps protect against mechanical breakdown, electric arcing, and steam boiler explosion. This insurance helps protect most types of equipment, including diagnostic equipment, refrigeration systems, electrical systems, and heating and air conditioning systems. Property valuation includes: Cost of replacement at the same or another site. Ordinance or law (up to the building or personal property limits). Extended warranties on personal property and EDP equipment. Architectural, engineering, consulting, decorating, and supervisory fees. Replacement cost for leased personal property and personal property of others. Radioactive contamination option for loss or damage to a hospital nuclear medical facility. Impairment of computer services/malicious programming responds to electronic data recovery costs, business income loss, and extra expense without requiring evidence of physical loss or damage to covered property. Builders Risk Policy can be written on a monoline basis or in conjunction with a commercial property policy. Automatic limits for soft costs. No exclusion for loss or damage caused by or resulting from abrupt and accidental breakdown of mechanical or electrical system or apparatus.

3 Directors and Officers Liability Insurance for directors, officers, trustees, peer review committee members, staff, faculty, in-house counsel, employees, and independent contractors. Certain provider selection practice claims included. Insurance for antitrust claims available. Insurance for fraud and abuse claims available. Includes defense expense up to the available limit of liability for certain claims brought under the Health Insurance Portability and Accountability Act (HIPAA), Internal Revenue Code (IRC), Emergency Medical Treatment and Active Labor Act (EMTALA), and excess benefit transactions with sublimited indemnification for such IRC, EMTALA, excess benefit transaction, and Title II HIPAA claims. Includes mental anguish and emotional distress damages associated with certain claims for provider selection practices claims, which often result in the most significant monetary damages. Employment Practices Liability (Including Optional Third-Party Liability) Responds to allegations of discrimination, sexual harassment, wrongful termination, and other workplace torts. Includes mental anguish and emotional distress damages associated with certain claims for employment practices. Punitive damages coverage available (where insurable by law). Independent contractors receive same coverage for EPL claims as employees. Third-party liability claims can be brought by customers, patients, vendors, service providers, or other business invitees. Financial incentive for reporting potential claims early. Access to a national, sophisticated network of EPL panel counsel firms. Includes free access to Chubb s comprehensive Employment Practices Liability Loss Prevention Program, featuring ChubbWorks SM. Provides partial reimbursement for the cost of qualifying loss prevention services. Fiduciary Liability Duty-to-defend policy including a 70/30 settlement participation provision. Voluntary settlement plan insurance available. Offers protection for claims arising out of advising, counseling, or giving notice to employees; producing plan interpretations; handling records; enacting enrollment; and terminating or canceling employees, participants, or beneficiaries under any plan. Punitive damages coverage available (where insurable by law). Crime Insurance Insurance provided on a loss-sustained basis for employee theft, money and securities while on premises or in transit, forgery, funds transfer fraud, computer fraud, money order and counterfeit currency fraud, and credit card fraud. Option to convert to loss discovered basis.

4 Insurance can be extended to client property. Investigative costs for covered losses included. Environmental Site Liability Addresses liability for bodily injury, property damage, and remediation costs arising from known or unknown pollution incidents. Includes business interruption expenses resulting from pollution incidents that suspend operations. Potential claims from pollution incidents that commenced prior to termination may be reported for up to four years after termination. Remediation costs include restoration costs, helping insureds to restore property to substantially the same condition as it was in before the loss occurred. Kidnap/Ransom and Extortion Insurance for expenses such as access to a public relations firm; medical, cosmetic, psychiatric, and dental services; rest and rehabilitation costs; reward payments to informants; and salaries of employees and temporary replacement employees. Insurance for expenses related to recovering kidnapped infants and children as patients of insured organizations. Legal liability insurance that provides defense and indemnity in the event of a lawsuit alleging negligence on the part of the customer in a hostage retrieval operation or in the prevention of a kidnapping or child/infant abduction. Access to the crisis management expertise of The Ackerman Group, Inc., or another expert of your choice. Outside Directorship Liability Insurance for directorships on any scheduled not-for-profit organization, community chest, fund, or foundation that is a federally qualified 501(c) organization. Insurance for wrongful acts of insured persons who are authorized by the organization to serve as director, officer, trustee, governor, or any equivalent executive position for an identified outside organization. Cyber Insurance Insurance for disclosure injury, including suits by customers of your clients arising from a system security failure that results in the unauthorized access to or dissemination of private information on the Internet. Offers protection for content injury, including suits arising from intellectual property infringement, trademark infringement, and copyright infringement. Provides coverage for reputational injury, including suits alleging disparagement of products or services, libel, slander, defamation, and invasion of privacy. Insurance for conduit injury, including suits arising from system security failures that result in harm to third-party systems. Insurance for impaired access injury, including suits arising from a system security failure that results in your clients' systems being unavailable to customers.

5 Cyber Insurance (continued) Optional Insuring Clauses: Business interruption, including first dollar extra expense. E-threat, including the cost of a professional negotiator and ransom payment. Private notification expenses, including the cost of credit monitoring services for affected customers. E-vandalism expenses, even when the vandalism is caused by an employee. Crisis management and reward expenses, including the cost of public relations consultants. Employed Lawyers Professional Liability Broad definition of professional services. Defense costs for certain claims brought by the employer, board of directors, or officers. Worldwide coverage, both as to where the wrongful act occurred and where the claim was made. Duty to defend. No deductible for claims not indemnified by the employer. Reimbursement coverage for indemnified claims. Noncancellable by the insurer except for nonpayment of premium. Workplace Violence Expense Provides reimbursement for workplace violence incident recovery expenses, including fees and expenses for an independent security consultant for 90 days; public relations consultant for 90 days; employee counseling seminars; security guard services for 15 days; forensic analyst; victim employees salaries and replacement employees salaries for 90 days; rewards paid to informants who provide information leading to arrest and conviction of responsible parties; medical, cosmetic, psychiatric, and dental costs; rest and rehabilitation. Provides reimbursement for stalking threat expenses, including an independent security consultant to assess the threat and security guard services for 15 days. Provides coverage for loss of business income resulting from an insured event for 90 days. Access to crisis management expertise of The Ackerman Group, Inc., or another expert of your choice.

6 The Chubb Advantage Market leadership Chubb has been creating insurance solutions for executives since the 1970s, and we revolutionized insurance for health care organizations in the 1980s. Chubb continues to gain momentum as a market leader in providing insurance for health care organizations. We currently provide insurance coverage for three of the top five U.S. medical centers, as identified by U.S. News and World Report. Industry specialization and expertise Our depth of understanding of health care businesses and exposures enables us to provide innovative and specialized insurance products and services that stand out in the market. Financial strength Chubb s financial stability and ability to pay claims rate among the best in the insurance industry, as attested by Standard and Poor s and A.M. Best Company, the leading insurance rating services. Superior claims handling Our reputation for expert, fair claims handling is renowned in the industry. Unparalleled risk management/loss control services Our customers gain access to a wide array of risk management and loss control services including our global network of loss control engineers who are experienced in offering workable solutions for loss prevention; disaster planning; and fire prevention, detection, and suppression. To Learn More For more information about Chubb s insurance solutions for health care organizations, contact your trusted Chubb agent or broker, or visit us at Chubb Group of Insurance Companies Chubb refers to the insurers of the Chubb Group of Insurance Companies underwriting coverage: Federal Insurance Company, Vigilant Insurance Company, Great Northern Insurance Company, Pacific Indemnity Company, Northwestern Pacific Indemnity Company, Texas Pacific Indemnity Company, Executive Risk Indemnity Inc., Executive Risk Specialty Insurance Company, Chubb Custom Insurance Company, Chubb Indemnity Insurance Company, Chubb Insurance Company of New Jersey, Chubb National Insurance Company, Chubb Lloyds Insurance Company of Texas. Not all insurers do business in all jurisdictions. This literature is descriptive only. Actual coverage is subject to the language of the policies as issued. Chubb, Box 1615, Warren, NJ Form (Rev. 9/07)