What is malpractice tail coverage?  It’s surprising to see how many physicians are unaware of what tail coverage is until they are told they need to purchase it.  How does this happen?

Tail coverage malpractice insurance provides the ability for an insured to report claims to their insurance company after a claims made policy ends.   With a claims made policy, coverage for any new claims for professional services rendered during the policy period ends upon cancellation.  Therefore, in order be able to submit claims to the insurance company, there would need to be an “extended reporting period”, also known as tail coverage malpractice insurance.  Upon policy cancellation, the insured will have the option to purchase this tail.  If obtained, the company will add it as an endorsement to the current policy.

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