Medefense tail coverage

[Jlaws67]

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Hey everyone,

I recently left a group with an occurrence based malpractice policy, however I was just contacted by my former insurer about Medefense tail coverage.

The group I left was my first job, so this is uncharted territory for me. Just googling what medefense coverage was for left me with a list of pretty esoteric things, and I’m not sure what amount of coverage would suffice, or if this coverage is even necessary in the first place. I’d really appreciate any insight from any of you guys/gals that have been around the block.

 

[DirtDocMD]

What do you have NOW?? If it’s “claims-made”, then you will have coverage for “prior acts” (when you were under the old occurrence based policy).

If you have “claims-made”—-no tail necessary (assuming “prior acts” coverage).

If you have another occurrence-based policy——you need to look at getting “tail”.

Ask your group who they use for coverage, and call the NEW agent (for the malpractice you have NOW).

 

[unc04]

What do you have NOW?? If it’s “claims-made”, then you will have coverage for “prior acts” (when you were under the old occurrence based policy).

If you have “claims-made”—-no tail necessary (assuming “prior acts” coverage).

If you have another occurrence-based policy——you need to look at getting “tail”.

Ask your group who they use for coverage, and call the NEW agent (for the malpractice you have NOW).

I don’t think this is correct. An occurrence policy should not need tail coverage. If the policy was in place when an incident occurred it should cover no matter when the claim is made.

A claims made policy will need tail coverage if you ever terminate that policy. I think nose coverage is also an option sometimes. I’m not insurance expert but that’s my understanding.

That’s why occurrence coverage is more expensive premium than claims made but when tail is covered it makes up for the difference.

 

[DirtDocMD]

I think you’re right about the occurrence policy, he SHOULD be covered. He should ALSO be covered if he has a claims-made, with prior acts.

Hopefully, either way, he WON’T need tail.

Speak with your agent, preferably by e-mail, so you will have WRITTEN confirmation...

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[Jlaws67]

My former liability coverage is occurrence based, so I don’t need a tail for that. My question is specifically referencing medefense, which is to protect against the things referenced in the attached image below. I was contacted by my former insurer offering additional coverage for those things, and it came across kind of scammy.

I’ll talk to my new agent about this as well. Appreciate your help!

 

[deleted126335]

My former liability coverage is occurrence based, so I don’t need a tail for that. My question is specifically referencing medefense, which is to protect against the things referenced in the attached image below. I was contacted by my former insurer offering additional coverage for those things, and it came across kind of scammy.

I’ll talk to my new agent about this as well. Appreciate your help!

Those are pretty rare things. Unless the organization that you left was pretty shady, I would take a pass.

 

[unc04]

Those are pretty rare things. Unless the organization that you left was pretty shady, I would take a pass.

Agree. I would not purchase that.

 

[tsigolofoporp]

I don’t think this is correct. An occurrence policy should not need tail coverage. If the policy was in place when an incident occurred it should cover no matter when the claim is made.

A claims made policy will need tail coverage if you ever terminate that policy. I think nose coverage is also an option sometimes. I’m not insurance expert but that’s my understanding.

That’s why occurrence coverage is more expensive premium than claims made but when tail is covered it makes up for the difference.

🎯 and don’t use DirtDr’s lawyer. If you can afford it, ALWAYS get occurrence coverage. One of those few always things. Although, many national staffing companies (e.g. MEDNAX now NAPA) will cover your tail, so to speak, if you leave on good terms. Read carefully the contract you signed when you joined your group. There will be a provision about that in your agreement.

 

[tsigolofoporp]

Agree. I would not purchase that.

I would ask a lawyer. Those are not medical malpractice claims related to patient care. They are highly unlikely to arise. But their risk is not zero either and your personal circumstances may weigh in the balance. And if a lawyer gives you bad advice, he or she has an errors and omissions policy covering their malpractice. If you had a catastrophic situation now you have another angle to indemnify yourself from liability.