Is a Claims-made Slot Policy for You?

Physician Considering a Claims-made Slot PolicyThroughout a normal business day I probably explain the difference between a claims-made physician liability policy and an occurrence physician liability policy at least a dozen times. Most physicians will only qualify for one policy or the other. But, as the practice of medicine continues to evolve, new options become available and are worth knowing about. One of those is the claims-made slot policy.

The claims-made slot policy is a unique med mal policy that combines the best features of both the claims-made and occurrence policies. A claims-made slot policy is similar to the claims-made policy as it has a retroactive date and the cost of coverage starts out relatively low. However, the difference between a claims-made slot policy and a regular claims-made policy is that physicians or mid-levels that are no longer employed by the practice do not have to pay a tail. As long as the claims-made slot policy remains in good standing, the purchase of a tail is not necessary. A tail is purchased when the policy is no longer needed or is canceled.

Great. Sign me up is what you are probably saying to yourself. Not so fast. The insurance companies only offer claims-made slot policies to the following types of practices:
– Clinics (depends on the State)
– Emergency Room Physician Groups
– Locums Groups
– Home Health Care Practices

If you would like to learn more about claims-made slot policies, or any other type of doctor liability insurance, please call me directly at 1-800-962-1224 or email me at

Disclaimer: This article is written from an insurance perspective and is meant to be used for informational purposes only. It is not the intent of this article to provide legal advice, or advice for any specific fact, situation or circumstance. Contact legal counsel for specific advice.

You may also like

Legislative panel approves medical malpractice bill
Read more
Urgent-care centers: Illinois numbers grow as time-pressed families seek low-cost option to ERs
Read more
Global Center for Medical Innovation launches
Read more

Recent Posts

Understanding Exclusions in Your Medical Malpractice Insurance

Medical Malpractice Insurance Tips: Risk Management and Ongoing Support

Policy Limits in Medical Malpractice Insurance: A Doctor’s Guide

Popular Posts

PIAA 2017: Current Trends & Future Concerns

2022 Medical Malpractice Insurance Rates: What the data tells us

Urgent-care centers: Illinois numbers grow as time-pressed families seek low-cost option to ERs

Start Your Custom Quote Process™

Request a free quote