General malpractice question

Started by The kitchen sink
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The kitchen sink

The kitchen sink

Full Member
10+ Year Member
Not sure where to post this to get the most experience answers but will try here

What is the main difference between claims made and occurence based insurance?

For example/ a locums company is offering claims based insurance with tail that covers up until the end of the year.

The statute of limitations for medical malpractice in my state is 3 years.

That means after 1 year, I will not be covered correct?

I asked them to cover my tail for 3 years. Is that reasonable?

Thank you
 
Occurrence = if the alleged malpractice occurred while the policy was in effect, it's covered. Doesn't matter when the case is filed.

Claims made = you are only covered if the policy is in effect when the claim is filed. Because claims can be filed after you stop working somewhere / the policy ends, you need tail coverage. Tail is usually a single cost for "forever", I haven't seen 1 year tail coverage. You want tail forever.
 
The kitchen sink said:
Not sure where to post this to get the most experience answers but will try here

What is the main difference between claims made and occurence based insurance?

For example/ a locums company is offering claims based insurance with tail that covers up until the end of the year.

The statute of limitations for medical malpractice in my state is 3 years.

That means after 1 year, I will not be covered correct?

I asked them to cover my tail for 3 years. Is that reasonable?

Thank you
Click to expand...
No way I would take malpractice with that short of a tail. The amount of time it even takes for most claims to be initiated makes it basically worthless. Real tail coverage is forever coverage. You could look into buying it on your own as a supplement if the company is paying really well, but make sure to cover your tail one way or another
 
Mad Jack said:
No way I would take malpractice with that short of a tail. The amount of time it even takes for most claims to be initiated makes it basically worthless. Real tail coverage is forever coverage. You could look into buying it on your own as a supplement if the company is paying really well, but make sure to cover your tail one way or another
Click to expand...
They said they would cover my tail indefinitely. So we were able to move forward
 
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