Specialist insurer Beazley has launched Virtual Care in Canada to offer insurance cover against risks linked to technology-enabled healthcare and lifestyle management services.
The policy covers medical malpractice and professional indemnity, tech and media liability, public and products liability.
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In addition, cyber coverage and services will be covered through Beazley Breach Response Services.
Mitigation costs, abuse and harassment liability, medical regulatory costs, and claims due to loss of documents or reputational damage costs as well as environmental liability costs are included in the optional extensions offered by the company.
The new offering serves a wide range of small and large organisations.
This includes telehealth that supports remote diagnosis and monitoring by professionals, and m-health that allows self-monitoring of chronic conditions via apps and wearables.
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By GlobalDataVirtual Care also serves lifestyle and wellness technologies, enabling healthy lifestyle choices supported by IT tools, analytics, software, platforms and portals.
Beazley miscellaneous medical & life sciences global head Evan Smith said: “Advancements in technology are driving the evolution of healthcare provision as well as changing public attitudes around accessing care remotely and monitoring personal health and wellbeing.
“With this comes potential risks from the shortcomings of data or the health advice provided, or due to errors or malfunctions in the technologies themselves. Data privacy and security concerns are also top of mind for many providers.
“Beazley Virtual Care addresses the complexity of these risks by providing healthcare and tech specialists with seamless cover in one policy that avoids policy gaps and ensures that, should they arise, claims are efficiently managed by one dedicated team of Virtual Care claims specialists.”
Beazley is also launching BioSecure in Canada. It offers protection against exposures in the pharma, biotech and medical device sectors.
It also provides refreshed miscellaneous medical suite for small, mid and large-sized firms.
