• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ABOUT US RESOURCES TESTIMONIALS BLOG CONTACT US

  • Home
  • About Us
  • Find Your State
  • Find Your Specialty
  • Choose a Facility
  • Resources
  • Testimonials
  • Blog
  • Contact Us
  • Request A Quote

What About Tail Coverage?

July 22, 2016

What Is It?

Many healthcare professionals have questions about what medical malpractice tail coverage is and when it is necessary to have it. A simple definition of tail coverage or extended reporting endorsement is:

A malpractice insurance rider or supplement to a claims-made policy that provides coverage for an incident that occurred while the insurance was in effect but was not filed by the time the insurer-policy holder relationship terminated.

As an example: you buy a claims-made policy in 2014. You terminate the policy in 2017 and buy the tail. The tail allows you to report claims that are brought against you after you drop the policy, as long as the episode happened while you were insured from 2014 to 2017. Tail coverage is offered when a physician or group has not renewed or has cancelled a claims-made policy. There is a small window of time for the policyholders to accept or reject the offer.

Until recently, physicians have had to purchase tail coverage from their current insurance carrier, regardless of the premium charged. Now, insurance carriers also offer physicians various tail coverage options, including purchasing limited term tail coverage as opposed to the standard unlimited term. In some cases they are also now offering lower limits of liability. Whether coverage is purchased from the current insurance carrier or from a new company, tail coverage provides protection for claims of medical malpractice that occurred while a claims-made policy was in effect, when these claims are made after the cancellation or expiration of that policy.

When Do You Need Medical Malpractice Tail Coverage?

Tail medical malpractice insurance coverage is usually recommended when a physician is leaving a practice and going to a new job that will not offer insurance to cover a claims-made or a current policy. Physicians leaving one state and going to another state to join a private practice usually have to purchase tail coverage because different states may have different liability coverage. Also, many physicians going to work for hospitals may need to purchase tail coverage because most hospitals’ health systems are self-insured and do not provide the new physician with tail coverage. The only time a physician does not need to purchase tail coverage and can get it free is when he/she is retiring, in the case of death or disability, or if a new employer or insurance carrier provides it for them.

Please contact eQuoteMD for any further information on tail coverage for you or your group. We are happy to explain further or get you a quote!

Filed Under: Uncategorized Tagged With: claims, claims made, coverage, extended reporting endorsement, liability, rider, tail

Primary Sidebar

Calendar

July 2016
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun   Aug »

Categories

  • General
  • Malpractice Insurance
  • Malpractice Insurance Coverage
  • Medical Liability Insurance
  • medical malpractice insurance
  • Uncategorized

Tags

Affordable Medical Malpractice Insurance bill California claims made compliance coverage damage caps data defensive medicine electronic health records equotemd hipaa HITECH judicial legal legislation liability malpractice malpractice insurance medical liability insurance medical malpractice medical malpractice claims medical malpractice insurance medical malpractice lawsuit medical professional liability insurance news non-economic damages occurrence pain and suffering policies policy premium professional medical liability insurance proposition quote research study survey tail tail coverage technology telemedicine tort tort reform vote

Footer

eQuoteMD

BLOG

Torn paper with word are you covered

Medical liability insurance, also known as medical malpractice insurance, is a type of insurance READ MORE

Stressed doctor undergoing medical malpractice lawsuit covers his face

Did you know that approximately 19,000 medical malpractice cases occur in the U.S. every year? READ MORE

Medical malpractice book

Medical malpractice insurance isn’t just a nice thing for a doctor to have – it’s absolutely vital READ MORE

FIND YOUR STATE FIND YOUR SPECIALTY CHOOSE A FACILITY

ABOUT US RESOURCES TESTIMONIALS BLOG CONTACT US

HOME ADA DISCLAIMER PRIVACY POLICY SITEMAP

Copyright © 2022 · eQuoteMD · All Rights Reserved

iHealthspot Medical Website Design and Medical Marketing by iHealthSpot.com

eQuoteMD provides medical malpractice insurance services in all states for all specialties.