Tail Malpractice Insurance

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Great Quotes for Tail Malpractice Insurance from A-Rated Carriers

If you’re a physician changing jobs or moving to a new practice, you need tail coverage.

Your previous employer has provided your medical malpractice insurance up to this point, but now you need a tail policy to ensure that you are protected from lawsuits for acts done years ago.

When purchasing tail insurance, the policy needs to cover you from the retroactive date (the first date of employment with your former employer).

Need a quick turnaround? We’re on it. Contact MEDPLI to discuss your tail malpractice insurance options today.

Tail Malpractice Insurance FAQ

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Tail insurance protects you for potential claims that have not yet been made against you. Your exposure period begins with your retroactive date (the first date of employment with your last employer) and ends on the policy cancellation date. This is where tail begins. Keep in mind, tail is only for claims-made policies, which respond to claims based on when the claim is made. So, if a claim is made after your policy expires, your tail malpractice insurance will protect you. If you do not secure tail coverage when your claims-made policy expires, and then you are sued, you will not have any coverage. Litigation expenses and indemnity payouts can be hundreds of thousands out of your own pocket without tail insurance.

When you change jobs, your insurance program should be reviewed with the help of a MEDPLI Insurance Broker .

Tail is the last premium the insurance carrier will collect for the unknown risks they are agreeing to cover on your behalf. The price of tail is generally calculated at 200% of your expiring claims-made premium. Though the high price may be cause for concern, it is generally cheaper than the cost of a malpractice payout with associated attorney costs. Even a lawsuit where you are found not to be at fault can cost thousands to defend, so the term “expensive” is a relative term.

Yes, you have options. You can choose the carrier as well as the coverage terms that best suit you. When considering those options, you will want to evaluate price, as well as carrier stability and their track record of defending doctors. Your MEDPLI Insurance Broker can assist you to ensure your tail is properly covered without overpaying.

If you are leaving employment of a hospital where you were covered by their insurance provider, you can expect a tail bill that is generally 200% of your annual premium amount. The hospital chooses the insurance carrier they believe is best for them, which is rarely the best for the individual physician working there. MEDPLI works for you, not for the hospital. We deliver all viable tail options from a wide range of carriers, so you are no longer obligated to pay the exorbitant price of the hospital-provided policy.

If you are leaving employment of a hospital where you were covered by their insurance provider, you can expect a tail bill that is generally 200% of your annual premium amount. The hospital chooses the insurance carrier they believe is best for them, which is rarely the best for the individual physician working there. MEDPLI works for you, not for the hospital. We deliver all viable tail options from a wide range of carriers, so you are no longer obligated to pay the exorbitant price of the hospital-provided policy.

Therefore, most doctors who are winding down their practice are best served by remaining with the same carrier as they near retirement. Other ways to get free tail include death and disability.

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Canceled or Non-Renewed? MEDPLI Is Your Best Ally.

Don’t settle for inadequate coverage and exorbitant rates.

Even when you are denied coverage, our insurance brokers can find you the right malpractice insurance solution at the lowest possible rate.

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