Most Medical Professional Liability policies are written as “Claims Made coverage” today. There are other options in the marketplace including Occurrence coverage and Modified Claims Made coverage. Claims Made policies can offer benefits including reduced costs early in a physician’s career, flexibility as your career progresses, but Tail Coverage should always be top of mind. The following items will help you navigate the benefits and concerns of a Claims Made policy. Substantial Savings – Claims Made Medical Malpractice policies typically “step up” the premium from year 1 – Year 5 often called a mature rate. Malpractice claims have a longer … Continue reading
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