Have you confirmed the limits of liability and retroactive date and how tail coverage
will be handled?
is only applicable to claims-made policies and it extends the reporting period in which a claim can be made.
In KAMMCO's case, tail coverage
is offered by medical malpractice carriers, explains Grittman, to cover a physician who may have retired but a former patient decides to sue two years after an incident takes place.
The entire cost of the tail coverage
from the original carrier
His insurer, Medical Mutual, allowed him to forego paying tail coverage
for obstetrics because of his many years with the company.
What of the obstetrician late in his or her career who desires to transition out of obstetrics and yet faces the prospect of an exorbitant tail coverage
Zero retentions and unlimited tail coverage
can also be included.
To address this exposure, you can purchase an extended reporting period endorsement, or tail coverage
professional malpractice insurance, tail coverage
, errors and omissions insurance, or directors' and officers' liability coverage).
Advocate, MD offers risk management services, claims-made and continuous policies, retroactive and tail coverage
, and medical board defense to physicians in all medical specialties, individually and in groups in all counties.
Premium waived for tail coverage
for death and disability; and permanent retirement subject to policy terms.
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.