WGA Launches Ebola Pandemic Response Product for Loss of Income
For Immediate Release
BOSTON, MASSACHUSETTS, October 15, 2014 – Miller Insurance Services, an independent specialist insurance broker, and William Gallagher Associates (“WGA”), a U.S. retail insurance broker, jointly announce the availability of Pandemic Disease Business Interruption Insurance, provided by the Ark Syndicate at Lloyd’s. Coverage responds to loss of income arising directly out of shutdowns of healthcare facilities as well as diminished revenues in the aftermath of a quarantine. The coverage is available through highly-rated insurers in London that are licensed in the US and in other world markets.
“The need for this coverage is acute at a time where Ebola and the Enterovirus threaten the operating capacity of global healthcare facilities,” pointed out Mark Sleet, Professional Risks broker at Miller.
Peter Reilly, WGA’s Healthcare Practice Leader further noted, “Insurance for lost revenue arising out of a non-physical damage event like a voluntary or involuntary quarantine of facilities and medical professionals is not available on most Business Interruption coverage forms. Together we have designed coverage that can be triggered by events like we have already seen in the Dallas Ebola case.”
“Hospitals and related entities have exposure to a voluntary or involuntary quarantine of their premises given the potential accumulation of people and the need by the Authorities to try and contain the virus. This could be potentially catastrophic for any Medical related facility,” commented Richard Bryant of Ark Syndicate, Specialty Programs.
Miller Insurance Services are specialist insurance and reinsurance brokers, operating internationally and at Lloyd’s. It handles reinsurance, complex large commercial insurance business and programs and facilities. Founded in 1902, the partnership today has over 580 people and eight international offices in the world’s key insurance markets. Miller holds Chartered Insurance Broker status, demonstrating professionalism, a client focused approach and commitment to excellent service standards. For more information, please visit www.miller-insurance.com
WGA is a leading provider of insurance brokerage, risk management and employee benefit services to companies with complex risks and dynamic needs, within industries that include life sciences, high technology, financial risks, healthcare, energy, clean tech and environmental services. The firm was founded in 1983 and is one of the country’s leading independent brokerage firms, with offices in Boston, MA; New York, NY; Hartford, CT; Columbia, MD; Princeton, NJ; and Atlanta, GA.
Ark Syndicate Management Limited manages the underwriting of Syndicate 4020 at Lloyd’s. The Syndicate underwrites a diversified and balanced portfolio of reinsurance and insurance business. The management team has successfully built a team of underwriters who are not only experienced in their specialist areas but who also have a clear understanding of our clients’ and producers’ needs and how to cement long term relationships with all parties.
For more information in London, contact Mark Sleet at Mark.Sleet@Miller-Insurance.Com
For more information in the U.S., contact William Gallagher Associates.
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