Press Release - Released: 30th April 2007
MPLC - New Directors and Officers (D&O) Facility
The Medical Professional Liability Company ("The MPLC") is delighted to announce that it has arranged a new Directors and Officers facility with immediate effect.
This facility is underwritten by certain Underwriters at Lloyd's and will enable The MPLC to enhance
the underwriting and claims service we currently provide to our Insureds and producing brokers; this
additional line of coverage should prove to be an attractive feature to our customers and their advisors in
light of the increasing awareness of all industries, including the Healthcare sector, of claims made against
individual Directors & Officers and also claims made against the corporate entity by employees in relation
to employment issues.
The key benefits of the facility are:
- The ability to offer a broader range of cover.
- The continuity of The MPLC's superior customer service to producing brokers and Insureds.
- Over 30 years of specialist medical professional liability knowledge and expertise in the Healthcare sector.
- The financial security of a Lloyd's policy.
- The ability to offer cover up to a maximum of £10M (or other currency equivalent) any one Claim and £20M (or other currency equivalent) in the annual aggregate for D&O coverage, which would be in addition to the MPL/PL limits of indemnity currently available.
- A sensitive, efficient and professional approach in handling, negotiating and settling claims.
- Access to a 24/7 legal service which provides access to Kennedy's out-of- hours emergency telephone advice line allowing the Insured to obtain guidance on any medico-legal and D&O queries.
- Access to The MPLC's overseas panel of leading law firms in our Insureds' territories.
- Access by The MPLC Insureds and brokers to The MPLC / Kennedy's seminars.
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