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WHAT IS EMORYS LIABILITY INSURANCE PROGRAM?

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Posted Alex edited answer

WHAT IS EMORYS LIABILITY INSURANCE PROGRAM?

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Alex417 Alex edited answer

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A. The Emory system is insured for professional and general liability exposures under a comprehensive multi-layered program in which the system retains a portion of risk through a captive insurance company subsidiary and transfers the remaining risk to the commercial market. A captive insurance company is a company formed to insure the risks of its parent. Clifton Casualty Insurance Company Ltd. (“CCIC”) retains the primary limit of $3,000,000 per claim for professional liability and $1,000,000 per claim for general liability. Additional limits are purchased in excess of the primary layer and the amount of excess insurance is determined annually.

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