FAQs Archive | Page 2 of 4 | MEDPLI Professional Liability Insurance

Q: How long do I have to buy a tail?

Tail insurance should be secured by the last day of the active claims-made policy. Often, the incumbent carrier offers a 30-day window after the policy lapses for a doctor to exercise the option to buy their tail policy. We recommend that you pursue standalone quotes before accepting an incumbent offer. Starting that process when you decide to change employers will provide more opportunities to compare quotes and secure the best rate. Reach out to MEDPLI immediately if you will be leaving employment soon or have already ended employment because this matter is highly time-sensitive.

Q: Do different professions require different types of tail coverage?

Each medical specialty has its own risk profile from an insurance standpoint, requiring specialized tail insurance. A policy should reflect the precise circumstances of a physician’s practice. Doctors need to reflect all the professional services provided during the prior acts period during the application process, so the policy can match up to specific coverage needs.

Q: What is tail insurance?

Tail Insurance , or Extended Reporting Period (ERP) coverage, is the mechanism that allows future reporting of claims that still need to be brought to your attention. Remember, when a claims-made policy ends, it must be renewed with prior acts coverage, or a tail must be purchased. If you have claims-made coverage and do not buy tail, there is no protection for medical liability claims after the policy lapses.