What is a Medical Malpractice Insurance Tail?

Medical SymbolNo matter what type of medical malpractice insurance policy you may be covered under, it is important to understand the tail feature of the policy. The agents and brokers of MyMedicalMalpracticeInsurance.com discuss medical malpractice insurance tail features and explain tail concepts to physicians and medical providers on a daily basis.

So, what is a medical malpractice insurance tail?

A medical malpractice insurance tail is a prominent feature of a claims-made type policy. A claims-made policy only covers the doctor or provider as long as the policy is in good standing or in effect. Once the policy is no longer active, any claim made during the policy period would be denied. The policy tail protects the policy holder for claims brought against the holder after the policy has been terminated. We always recommend that a physician purchase a medical malpractice insurance tail or make sure that their previous services are covered.

It is important to note that most states have a two-year statute of limitations that limits how long a patient has to bring a claim against a physician. (Remember, the statute of limitations varies from state to state and may be longer than two years for cases involving children.) So, physicians should always be aware of the statute of limitations in their state, and keep in mind that it is important to purchase a medical malpractice insurance tail in order to protect themselves appropriately against a claim made until the end of the statute of limitations as it relates to their practice.

If you still have questions about a medical malpractice insurance tail, or have questions about anything else relating to your medical malpractice insurance, our agents are happy to assist you and answer your questions. Don’t hesitate to contact us –even if it is for just a question. And, don’t forget, we can always give you a free quote!