Stand Alone Medical Malpractice Tail
One constant in the modern medical landscape is change.
With increasingly mobile careers, doctors may need an affordable stand alone tail policy to cover their past services.
Frequently Asked Questions
What is a stand-alone tail policy?
Stand-alone tail coverage is a special type of policy which covers only claims made against a physician during the years after their traditional claims made policy has expired and the services giving rise to a claim has occurred prior to the traditional claims made policy termination date. It does not cover claims made during the years after their traditional claims made policy has expired.
Why do I need a stand-alone tail policy?
Because lawsuits are so common in medicine, it is extremely important that doctors purchase a stand-alone tail policy to cover any gaps in their malpractice coverage.
What can I expect to pay for a stand-alone tail policy?
Prices vary based on a number of variables, including current premiums, time-period covered by the new plan, and doctors’ eligibility for discounts and credits. The base cost is determined by the current carriers’ extended reporting endorsement premium.
Doesn’t my general liability insurance provide the same protection?
No, medical professionals who carry only general liability insurance will not be protected for medical malpractice.