Malpractice tail coverage is one of those things physicians do not want to think about, but it is a must. There are also a lot of factors to look at when it comes to tail coverage. Michael Taskila from Diederich Healthcare has put together a great guide on what to look for in your tail coverage and what to look for when purchasing tail coverage.
Malpractice
“Claims-made” vs. “Occurrence-based” Malpractice Insurance Coverage
Our physician-clients approach us with many questions regarding malpractice insurance coverage. The most common ones are “what kind of malpractice insurance is the employer providing me?” and “who will pay for tail coverage if I leave the employer?”
Nowadays, most employers pay for malpractice insurance for their practicing physicians, especially for beginning and non-shareholder physicians.
The details of the policy should be laid out in the physician employment contract and policy documents. So, relatively speaking, this issue is rarely negotiated – most of the time it’s already in the contract!
Malpractice in 2024: What Physicians Need to Know
Malpractice is one of those things you hope you’ll never deal with. For many doctors, it feels distant—something that happens to someone else. But the truth is that anyone can get sued, no matter how careful or well-meaning they are. And when it does, the costs—financial, emotional, and professional—can be high. The 2024 Physicians and … Read more
Physician Contracts: Evaluating Malpractice Insurance Benefits
Ask what type of malpractice insurance is provided before signing on with a new employer
Employers typically provide physician malpractice insurance and it should be evaluated before signing.
Most employers provide professional liability insurance, also known as physician malpractice insurance, as a part of the employment benefits package. Even if a physician is employed as an independent contractor, in most cases, the corporation or group covers the cost of this benefit. But what exactly are they likely to cover?
On the surface, physician malpractice insurance seems simple enough, but there are many factors that must be taken into account. A working knowledge of how this type of insurance works is required to accurately assess the coverage being offered.
