If the employer does not offer you tail coverage
, then it is your responsibility to pay for this insurance, which can be expensive.
(or tail insurance) is a general concept that is utilized to extend the claims made reporting time on claims made policy forms of medical professional liability policies.
Most D&O policies offer tail coverage
, though the terms, conditions, and pricing of such coverage varies.
A good agent will ensure that all non-renewing claimsmade policies have tail coverage
Along with discussing tail coverage
during a merger, doctors should also be wary of "anti-compete" clauses in contracts with larger hospitals and health systems.
if you change insurers or do not renew a claims-made (2) insurance policy, purchasing tail coverage
(3) is recommended.
As a result, most target companies purchase a non-cancellable, pre-paid policy for a six-year period, which is known as run-off or tail coverage
You will need "tail" coverage against belated claims after you retire, but many companies provide free tail coverage
after you've been insured for a minimum period (usually 5 years).
1, 2 and 3 year optional tail coverage
available per the policy terms.
In a mergers and acquisitions scenario, the excess and surplus lines market comes into play through the buyout of historical liabilities and the provision of tail coverage
You don't see things such as tail coverage
on a personal line of business," he says.
Discuss the difference between the basic tail coverage
and supplemental tail coverage