CFC expands medical malpractice offering
Written by staff reporter
Specialist lines underwriting agency CFC is expanding its presence in the UK medical malpractice insurance market. The new, Lloyd's backed product is a tailorable package suitable for a wide range of healthcare professionals and organisations including affinity groups or schemes and individual professionals
Med Mal Practice Leader at CFC, Sharon Brennan, says the frequency of medical malpractice claims and the cost of defending them are steadily on the rise in the UK, making litigation a key exposure in this sector. "Whether at fault or not, healthcare organisations and professionals need clear and concise cover backed by expert underwriters and lawyers who really understand this field," she explains. "We have designed our product to provide clear, unambiguous cover for medical malpractice and are able to tailor coverage depending on the client’s distinct needs.”
Public liability, employers’ liability and legal expenses cover is also available under the blended policy. In addition, cyber and privacy cover is offered as an optional extra, protecting against a variety of cyber attacks and data loss scenarios including loss or breach of data held in the cloud, cyber extortion and hack attacks on third parties emanating from the insured’s computer systems.