ERP Advantage for the Healthcare Market
390 S. Woods Mill Road, Suite 125
Chesterfield, MO 63017
(800) 523-3815
www.BerkleyMed.com
News Release
For Immediate Release: |
Contact: Robbin Willis |
BerkleyMed Announces ERP Advantage for the Healthcare Market
St. Louis, MO., March 7, 2011 - Berkley Medical Excess Underwriters, LLC (BerkleyMed) today introduced ERP Advantage - a customized extended reporting period coverage designed to meet the needs of clients that utilize alternative risk financing vehicles in the medical professional liability market.
Mergers and acquisitions in the healthcare sector can result in a need for an acquired organization to transfer all future liabilities associated with unreported claims. ERP Advantage will allow the client to transfer the liability of these unreported claims, while also providing new limits of liability for the ERP term at a competitive rate.
BerkleyMed seeks to provide solutions as needs arise in the marketplace, and ERP Advantage is just one of the many products that have been developed to meet those needs. With ERP Advantage, healthcare entities can feel confident that they will be protected by the financial strength of an A+ rated carrier for their continued exposure to yet-to-be-asserted liabilities.
BerkleyMed underwrites on behalf of Berkley Insurance Company and Admiral Insurance Company, both member companies of W. R. Berkley Corporation rated A+ (Superior) by A.M. Best Company.
Based in St. Louis, Missouri, BerkleyMed was formed in 2001 to provide professional liability insurance to hospitals on a nationwide basis. Its products consist of excess insurance and reinsurance. BerkleyMed is a member company of W. R. Berkley Corporation.
For additional information on ERP Advantage please contact
Robbin Willis, Vice President - Marketing at 800-523-3815 or
visit our website at http://www.berkleymed.com/erpadvantage.aspx
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