|Lexington Insurance Company Introduces LexAir Transport RxSM|
New Coverage Part Complementing Lexington’s Healthcare Product Provides a Single Solution for Hospitals to Secure Primary Coverage for Aviation Risks
NEW YORK – January 18, 2011 – Lexington Insurance Company, a Chartis company, today introduced LexAir Transport Rx, primary aviation liability insurance that is specifically designed for the non-owned aviation operations of hospitals nationwide. This new primary insurance is available as a coverage part to complement Lexington’s hospital professional liability and commercial umbrella liability coverage parts.
“Lexington is committed to working with hospitals in managing their liability exposures. With the introduction of LexAir Transport Rx, our policyholders can address their aviation risks in one transaction by obtaining broad primary aviation liability insurance alongside our hospital professional liability and umbrella liability coverage,” said Brad Cox, Senior Vice President and Healthcare Division Executive of Lexington Insurance Company.
Developed in collaboration with Chartis Aerospace Insurance Services, Inc., LexAir Transport Rx provides “dollar-one” coverage, with no deductible or self-insured retention, for bodily injury (including medical expenses) and property damage arising from the use of non-owned aircraft. It also provides coverage for bodily injury and property damage arising from the use of aviation premises, such as helipads, that a hospital owns, rents, or occupies. Coverage can be extended to a hospital and its affiliates, as well as numerous individuals – including hospital directors, officers, and employees – against whom claims arising out of aviation operations could be made.
LexAir Transport Rx provides up to $50 million of coverage on a primary limit basis and $25 million on an excess/umbrella limit basis, for a total aviation capacity of $75 million.
For more information regarding LexAir Transport Rx, please contact Brian Dudek, Vice President, at (617) 330-8330 or firstname.lastname@example.org; or Karen O’Reilly, Chief Innovation Officer, at (617) 235-8017 or karen.o’email@example.com.
Chartis is a world leading property-casualty and general insurance organization serving more than 45 million clients in over 160 countries and jurisdictions. With a 90-year history, one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.