FAQs Archive | Page 4 of 7 | MEDPLI Professional Liability Insurance

Q: Can I buy tail coverage from my employer’s carrier?

Yes, but you’ll often pay more than necessary when you buy the tail offered through your employer’s insurance company. Instead, you can hire MEDPLI to shop the standalone tail market for the best deal. We work with A-rated carriers to deliver the malpractice protection you need at more affordable rates.

Q: Who pays for malpractice tail insurance, me or my employer?

This depends on the employer and your contract. If your contract stipulates that you are responsible for paying your tail, you should contact us immediately. If your employer is responsible, just be sure you get proof of coverage in writing before parting ways. For your next job, be sure to factor the cost of the tail into the equation so you’re not surprised by an unforeseen expense.

Q: How many years does tail coverage last?

Tail coverage term lengths vary from one year to an unlimited term. Common terms are for 2, 3, and 5 years. We recommend purchasing a tail that endures beyond your state’s statute of limitations for submitting a malpractice claim. Most physicians opt for unlimited-term coverage when available, even though shorter-duration tail coverage is often less expensive.

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.