Tail Malpractice Insurance

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We can give you a great quote for tail malpractice insurance from an A-Rated carrier.

If you are 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 you are protected since lawsuits can be brought 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).

Tail Malpractice Insurance FAQ

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Why Do I Need Tail Insurance?

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 Advisor.

Why is Tail Malpractice Insurance So Expensive?

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.

Do I have Options for my Tail Malpractice Insurance?

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 Advisor can assist you to ensure your tail is properly covered without overpaying.

Why is the hospital’s tail malpractice insurance more expensive than yours?

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.

What is free tail insurance? How do I get it?

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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Contact MEDPLI today to get a fast quote for tail malpractice insurance.

Testimonials

Thank you for making my malpractice insurance easier.  Having MEDPLI is like having an in-house expert on our malpractice insurance.

Dr. Anderson

Dr. Anderson

Family Practice

Buying malpractice insurance for the first time is a daunting task.  Working with MEDPLI was comforting.

Tina

Tina

Practice Manager

I was quite stressed about having to purchase tail insurance after leaving my job to move for a new position.  MEDPLI helped me through the process and I was able to find an appropriate plan which was affordable for me.

Dr. Shakir

Dr. Shakir

OBGYN

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