Healthcare IT

Technology continues to shape and advance all aspects of everyday life, and is now playing a key role in how healthcare is delivered. The Healthcare Information Technology field is being transformed with more widespread use of digitized electronic health records and massive databases housing vital information that is driving new discovery and providing more efficient and effective delivery of care.

WGA has developed an extensive expertise in the area of Healthcare IT. Our team has been on the leading edge in the areas of technology, life sciences, and healthcare risk management for many years now and was instrumental in developing the first generation of insurance policies designed to cover advanced technology risks. Healthcare Information Technology organizations need a strategic partner with an understanding of the complex risks of this fast-growing area, and WGA is uniquely qualified to provide such expert advice.

Our clients include providers of Electronic Medical Record (EMR) services for physicians, medical billing systems, healthcare communication networks, and data management systems that keep track of patient information for both large and small community hospitals. They also include consultants and software providers who rationalize healthcare delivery.

Areas of Risk

One of the unique risk exposures facing Healthcare IT relates to contingent bodily injury coverage, resulting from a failure of software to perform as intended. Insurance coverage for this area of risk is usually excluded under basic policy forms. Recognizing this specific need and having the market leverage to negotiate proper coverage is where WGA’s strength lies.

Privacy and HIPAA compliance, loss of data (first and third party claims), and claims management also present unusual exposures to legal liability that are not covered by standard insurance policy forms.

Expected Growth

The American Recovery and Reinvestment Act of 2009 will have a great impact on hospitals around the country, aiding in the adoption of Electronic Health Record (EHR) solutions and will help improve the quality of patient care as well as the productivity and sustainability of the healthcare system.

One of WGA’s long time strengths has been our understanding of complex risk situations and being able to communicate those risks to our underwriting community. Leveraging this understanding is key to obtaining the most comprehensive and cost-effective risk management programs for our clients. Companies in this exciting new area need a broker who understands their risks.

For additional information about our Healthcare IT Practice or other insurance needs, please email WGA at, call us at 888-261-8884, or click here to tell us more about your specific needs.