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Understanding MedMal Tail Insurance

Updated: Sep 22, 2023

Medmal tail insurance, also known as "extended reporting period" or "claims-made tail" coverage, provides coverage for claims made after a physician's primary medical malpractice insurance policy has ended. Most medical malpractice insurance policies are "claims-made" policies, meaning they only provide coverage for incidents that occur while the policy is in effect and for claims made while the policy is in effect. Once a physician cancels or non-renews a claims-made policy, they are no longer covered for incidents that occurred while they had the policy, even if the claim is made later. Medmal tail insurance is designed to address this gap in coverage by providing coverage for claims made after the primary policy has ended. This type of insurance typically requires a separate premium. Depending on the insurance company, it can be purchased for a specific period, such as 1,3, or 5 years after the primary policy has ended.

SelectFirst Insurance Understanding MedMal Tail Insurance Medmal Insurance

This type of insurance can be significant for physicians nearing retirement, as it protects them against claims that may be made after they have stopped practicing medicine. Here are some examples of Medical Malpractice Tail Insurance:

  1. Retirement Tail Coverage

  2. Resignation Tail Coverage

  3. Lifetime Tail Coverage

  4. Conversion Tail Coverage

  5. Extended Reporting Period (ERP) Coverage

The above-mentioned coverages can offer peace of mind to retiring physicians and help them protect their assets and reputation. Get in touch with us right away to have one of SelectFirst Insurance experts evaluate the coverage of your current medmal insurance plan and go through the alternative cost-saving choices in your region.


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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