Hiscox launches Solo Strike Liability protection for US healthcare institutions

8th October 2012

- only dedicated offering in the US healthcare market

Hamilton, Bermuda (8 October, 2012) – To counter the growing threat of an attack by an individual on healthcare institutions, Hiscox has launched the first ever dedicated Solo Strike Liability insurance product for the US healthcare market. In the event of an attack, Hiscox’s Solo Strike Liability, designed specifically for hospitals and larger healthcare facilities, will respond with comprehensive liability protection as well as providing immediate crisis management support.

The growing number of high profile lone attack incidents has raised the overall awareness of the threat that individuals, who are intent on causing harm, can pose. Healthcare institutions, which themselves have fallen victim to a number of lone attacks over recent years, are softer targets because of the high throughput of people and the increased chance of an individual entering a premises unchallenged in a relatively unsecure environment.

Hiscox’s Solo Strike Liability offers:

  • USD $50m standard limits, with access up to USD $100m
  • Specific and specialist coverage in the event of lone individual attack. Only dedicated deadly weapon protection liability form and application in the healthcare insurance market
  • Primary insurance, intended to respond first in the event of a loss
  • Service of risk management specialists Control Risks in respect of risk management and mitigation including disaster recovery, business continuity and crisis management.

Commenting on the launch of the new product, Ian Thompson, Senior VP – Healthcare, Hiscox, said: "High profile ‘lone wolf’ attacks on educational facilities in the US have been tragically frequent in recent years. Due to their high throughput of people and the chances of an attacker being able to enter a premises unchallenged, healthcare institutions also share the same vulnerability to individuals intent on causing harm and we have seen a growing number of attacks over the last few years.

"We have developed Solo Strike Liability to help healthcare organisations deal with the potential liability they could face as well as to help them manage the after effects including disaster recovery, business continuity and crisis management. This is a unique product offering and shows our desire to address the emerging risks our clients face."

Ends

For further information please contact:

Kylie O’Connor +44 (0)207 448 6656 [email protected]
Sebastian St. John-Clarke +44 (0)845 652 1937 [email protected]

Notes to editors

About Hiscox

Hiscox, headquartered in Bermuda, is an international specialist insurance group listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group – Hiscox Global Markets, Hiscox UK and Europe and Hiscox International. Hiscox Global Markets underwrites mainly internationally traded business in the London Market – generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd’s. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and USA.

For further information, visit www.hiscox.com.


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