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Tail Coverage: What It Is And Why You Need It

Updated: Sep 21, 2023

Tail coverage, also known as an extended reporting endorsement or ERP, is an important type of insurance coverage for healthcare providers who are retiring, changing jobs, or switching insurance carriers. It provides coverage for claims that may arise from services provided during the time period that the healthcare provider was insured, but that are not reported until after the policy has expired.

SelectFirst Insurance Tail Coverage Medmal Insurance

Some Key Points To Consider About Tail Coverage:

  1. Without tail coverage, healthcare providers would be protected for any malpractice claims that arise after the policy has expired, even if the claim is related to services provided during the time period that the policy was in effect.

  2. Tail coverage provides an extension of coverage for a specific period of time after the policy has ended, typically one to five years.

  3. The cost varies depending on several factors, including the length of time for which coverage is needed, the type of healthcare services provided, and the location of the healthcare practice.

  4. It is typically purchased as a separate endorsement to a healthcare provider's malpractice insurance policy.

  5. It is important to carefully review the terms and conditions of the tail coverage endorsement, as they may differ from the original policy.

  6. Some healthcare providers may be required by law or by their employer to purchase tail coverage when they leave their current position.

Tail coverage is a type of insurance coverage that provides protection for healthcare providers who are no longer insured under their malpractice insurance policy. It is an important consideration for healthcare providers who are retiring, changing jobs, or switching insurance carriers, as it can protect them from potentially costly malpractice claims that may arise after their policy has expired. Connect with SelectFirst Insurance today to know more about Tail Coverage.


Contact SelectFirst Insurance today for help with your Medmal insurance. Call (888) 966-3881or Email us at info@selectfirstinsurance.com.

Disclaimer: The information provided on this blog is for general informational purposes only. The blog's content is not intended as legal, financial, or professional advice. By accessing this blog, you acknowledge and accept these terms of use and any additional terms and conditions that may appear on this blog from time to time.

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Contact SelectFirst Insurance today for help with your Medmal insurance. Call (888) 966-3881or Email us at info@selectfirstinsurance.com.

 

Disclaimer: The information provided on this blog is for general informational purposes only. The blog's content is not intended as legal, financial, or professional advice. By accessing this blog, you acknowledge and accept these terms of use and any additional terms and conditions that may appear on this blog from time to time.

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