PriMed Consulting - Medical Malpractice Brokers NY, NJ

What is a stand alone “tail” policy?

21, Apr Apr, 2014

If you are looking for options to “tail out” or purchase an extended reporting period, we can help. At PriMed Consulting, we can obtain various tail quotes for you so you do not need to pay the high premium you may have been quoted by your current carriers. We have access to many carriers in NY & NJ that will look at your exposure over the time you have been on your Claims-Made policy. These carriers will determine a competitive premium in line with your particular risk.
A “stand alone tail” or an extended reporting period is a policy to cover any claim that could be made from a patient seen after yourclaims-made retroactive date. This can cover you after you have retired or if you have gone on to a hospital policy, a new claims-made policy or changed over to occurrence. Tail policies can be unlimited; where they cover you for an unlimited period of time or can be written to only cover you for a certain period of time, maybe 5-10 years. It is important tail of some form be purchased so you have coverage should a claim come in once you claims-made policy is no longer in effect.

For help exploring your Medical Malpractice Insurance Stand Alone Tail Policy please call PriMed Consulting.

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