Medical Malpractice Insurance policies can be confusing, and most allied healthcare providers are unsure whether to get an Occurrence or a Claims Made policy. The answer to this question really depends on your employer, your employment status, and your future career plans. First, a definition of each type of policy may be helpful: Claims-made Coverage
If you’re looking at a big shift in your professional life—if you’re moving, or mulling retirement, or simply switching practices—and are currently covered under a claims-made policy, it’s important to start looking into tail coverage right away. Tail insurance fills in the coverage gap caused by the cancellation of a claims-made policy. When a big
Malpractice insurance terminology is often daunting, even for seasoned medical professionals. If you’ve ever wished for a cheat sheet to help you parse a medical malpractice insurance policy, you’re in luck. Here we discuss common terms, red flags and types of malpractice policies to help you make informed decisions about your coverage options. Does the
Choosing your medical malpractice policy may seem dull, but it can be one of the most important career decisions you make. When even frivolous lawsuits can cost tens of thousands of dollars to defend yourself against malpractice suits, and awards can cost you even more staggering sums, insurance is an essential factor in your financial
Medical Professional Liability Insurance (MPLI) – Starting with the fundamentals, this is the technical name for what is commonly referred to as Medical Malpractice Insurance. It is liability coverage particularly tailored to the needs of medical professionals. Claims Made Policy – A type of MPLI policy in which a claim is covered only if the
As experts in the field of medical malpractice insurance solutions we here at eQuoteMD frequently hear a handful of the same questions and misconceptions voiced by our clients, and in the broader media. So we thought we’d take this opportunity to share a few facts about medical malpractice and malpractice insurance that may surprise you.
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