Working with the Wrong Wholesaler Can Hurt Your Business
Professional liability and product liability insurance for life sciences can be tricky and complicated to place. You nor anyone else can afford even the slightest hiccup in getting your client insured properly. Anyone but a solely focused healthcare professional liability expert and specialist leaves you prone to...
Your focus ought to be your insured, not the carrier and not your wholesaler. If your wholesaler is merely an access point to carriers, it's time for a new wholesaler. Market access alone isn't worth constant headaches.
Here are a few of the most commonly asked questions that we get about insuring life sciences clients.
I’ve noticed that you don’t list a particular carrier on your website. Why not?
Ethos works with all the key carriers specialized in the healthcare liability marketplace. However, there are always other carriers that may have an appetite for healthcare accounts but struggle to compete with more specialized carriers. When new carriers enter the healthcare liability arena, we are careful to vet them out and add them if they are likely to provide a benefit for our customers.
If there is a particular carrier missing from our list that you have questions about we would like to encourage you to contact us so that we can discuss if the carrier is missing in error, or otherwise discuss the circumstances for their omission.
How do I get the correct application?
While we're working on a self-service tool to help you select the best application for your particular opportunity, we invite you to contact us directly and an Ethos team member will happily help you find the correct application.
What information is required for a submission?
Every submission should include an application and no fewer than 5 years of loss/claims history (aka: loss runs). There are many specialized applications or supplemental applications that address the particular details of certain classes of business. Additional info may also be necessary to complete a submission: CVs (Curriculum Vitae); financials; copies of contracts and licenses, to name a few.
When do CROs need E&O vs Professional Liability Coverage?
The insurance needs for clinical research organizations (CROs) vary depending on the scope of the work they are providing. In some cases, a CRO will not only be producing work for a contracting sponsor but will also be engaged in direct contact with patients while administering medical services. These distinctions help define the needs of a particular client and help match an appropriate product to meet all the needs of a CRO.
For anyone who would like to learn more, we would like to invite you to read our three-part series on the subject.
Get professional liability and product liability insurance for your life sciences clients.
Start with selecting the best professional liability wholesaler in the healthcare professional liability market. By the end of the day your meeting time will be reserved, and within 15 minutes you’ll know whether Ethos is the right match for you.