Hospital All Risk Property Program

Public Entity > Programs > Hospital All Risk Property Program (HARPP)

Hospital All Risk Property Program (HARPP)

Comprehensive property insurance coverage for hospitals is available through Hospital All Risk Property Program (HARPP), the nation’s largest independent hospital joint purchase group with more than 100 hospitals insured.

HARPP is a group purchase program with no risk sharing and no possibility of future assessments. The program mimics individual placements in that each participant has its own limits. The benefits available to hospitals are based upon the principles of an impressive total insurable value of $21 billion, large premium volume, and spread of risk.

HARPP was created by Alliant in 1989 at the request of a group of independent, non-profit, and private hospital groups seeking a competitive property insurance program to meet their unique coverage needs. The program was expanded to include the Association of California Hospital Districts (ACHD) and its members. Today, HARPP includes members across the nation.

Program Features

Broad insuring agreement
Coverage is not confined to a schedule; rather the policy can provide coverage for all property of every description of an insurable nature—both real and personal—of the insured. Coverage also includes property of others in the care, custody, or control of the insured for which the insured is liable or under obligation to keep insured wherever located in the United States.
Replacement cost for physical damage, including comprehensive and collision damage as an option for automobiles
Automatic acquisition of new locations, which allows hospitals to grow without having to go through underwriting approval
Blanket fine arts coverage (if scheduled)
Course of construction coverage, including delay in start-up
Property appraisals every three years for all buildings over $5 million in total insurable value
Boiler and machinery is included in the program and covers diagnostic equipment
Access to Alliant’s OASYS-Net proprietary software system
Additional coverage for pollution-related risks

Program Benefits

$1 billion loss limit available
No sub-limit for business interruption, including 365 extended period of indemnity
Business interruption includes temporary and long-term housing for hospital resident patients
Greater stability against market fluctuation
Each member has its own limits
Extremely competitive pricing

Hospital Crime Program

Among the joint purchase programs available to HARPP members is the HARPP crime program. Providing discounted rates and long-term stability, the program also offers spread of risk and coverage/claims analysis. The market is A.M. Best “A+” rated and provides a variety of coverages for district, non-profit, and for-profit private healthcare organizations. Limits are available from $50,000 to $5 million or more for coverages, including:

Employee dishonesty
Faithful performance for district hospitals
Theft (inside and outside premises)
Forgery and alteration
Computer fraud, including wire transfers
Coverage for volunteers and board members

For more information, contact:

Christine Tobin

(949) 660-8143

The Specialty Leader Since 1925

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