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"Our contract will be shorter - more concise - which should alleviate a major point of frustration for risk managers and general counsels at many hospitals. Some of our competitors' policy forms tip the scales at more than 30 pages. Our new form will be less than half that amount, while offering similar or superior coverage," said RLI Executive Product Group Vice President A. Q. "Skip" Orza. "Additionally, our new form will include many coverage enhancements designed to meet the evolving needs of our customers, who are not immune from litigation merely by their non-profit status." The new policy is expected to be filed in the fourth quarter of this year.
RLI is targeting any 501(c)(3) and 501(c)(4) non-profit healthcare organizations, and offers limits up to $25 million.
RLI is a specialty insurance company serving "niche" or underserved markets. Its underwriting model creates the flexibility to write coverage in a wide array of diverse industries.
((Comments on this story may be sent to health@closeupmedia.com))
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