FAQs Archive | MEDPLI Professional Liability Insurance

Q: Do I need to buy tail when I switch carriers?

Whether or not you need to buy tail depends on your situation – contact a MEDPLI Insurance Broker if you have any doubts after reading this. With claims-made insurance, you need to ensure you have prior acts coverage on the new policy or you will need tail. If you are considering changing carriers, you need to make sure there are no gaps in coverage. You need to obtain prior acts coverage back to your retroactive date when changing carriers, otherwise you will need tail.

Q: I am resigning from my job and the admin says I need tail. What is this about?

You are not alone. Remember that contract you signed with the hospital or group? Did it specify who would pay for the tail coverage when you part ways? Is it their bill to pay? Yours? Split it 50-50%? If you are responsible for paying the bill, you can decide where to buy your tail. MEDPLI helps doctors lower their tail costs by shopping the standalone tail marketplace when they change jobs. Recently, we helped an Illinois Obstetrician save $30,000 on her tail. It pays to have a MEDPLI Insurance Broker!