Tail Coverage Calculator

What is the Tail Malpractice Insurance Calculator?

Our Tail Malpractice Insurance Calculator is a quick and easy tool designed to help doctors estimate the cost of tail insurance when they leave a job for their practice. By factoring in variables like your annual premium, the state where you practiced, and your specialty—whether you’re an OBGYN, surgeon, or physician—it provides a starting point to understand your potential costs. Tail insurance typically costs around two times your yearly premium, but these estimates can vary based on your unique circumstances. The tail insurance calculator takes the guesswork out of the equation, giving you a clearer picture of what to expect.

How is Tail Insurance Calculated?

Understanding how tail insurance premiums are determined can help you budget for this crucial coverage. The calculation starts with a simple baseline and becomes more refined as specific details of your practice are considered. For a straightforward, initial estimate of your tail insurance cost, a simple formula is used. This calculation provides a general idea of what you can expect to pay.

Estimated Tail Premium = Your Current Annual Premium × 2

This “2x multiplier” is a common industry benchmark. For example, if your annual malpractice premium is $15,000, a baseline estimate for your one-time tail coverage premium would be $30,000. While this is a solid starting point, the final cost can range from 1.5 to 3 times your annual premium depending on several key factors.

What Affects Your Tail Insurance Cost?

Beyond the basic estimate, several variables can impact your final tail insurance quote. Our specialists analyze these factors across multiple carriers to find you the most competitive pricing.

• Your Specialty’s Risk Profile: High-risk specialties, such as surgery or obstetrics, naturally have higher premiums due to the increased likelihood of claims.
• Claims History: A clean claims history can help lower your premium, while a history of frequent or high-value claims may increase the cost.
• Coverage Limits: The amount of liability coverage you choose directly affects the price. Higher limits ($2 million/$4 million) will cost more than standard limits ($1 million/$3 million).
• Length of Coverage (Retroactive Period): The longer your tail policy needs to cover past services, the higher the premium. A seven-year retroactive period will be more expensive than a three-year one.
• Location of Practice: Insurance regulations and the legal climate of the state where you practice can influence pricing.
• Carrier Variations: Each insurance carrier has its own underwriting guidelines and actuarial data, leading to different price points for the same coverage. By comparing quotes from all major carriers, we ensure you receive the most favorable rate.

Get a Free Tail Insurance Estimate Today!

Once you’ve filled out the tail calculator with your specific information, our team will give you a personalized tail insurance estimate. Whether you’re transitioning to a new job or preparing for retirement, our team of insurance specialists will help you find the right coverage to protect your future and give you peace of mind during this important next step.