The cost of tail coverage, also known as an extended reporting period, can vary depending on factors such as specialty, claims history, and policy limits. Typically, tail coverage can range from 1.5 to 3 times the annual premium of your malpractice insurance policy. It is crucial to consult with your insurance provider to get an accurate cost estimate for tail coverage.

NO! Tail allows you to continue to report claims that the policy period, but does not extend the policy period.

Claims made policies must have an occurrence occur and be reported to the carrier within the policy period. The tail protects against claims made subsequent to the effective termination date of the occurring policy period.

This supplemental insurance covers incidents that occurred during the "active" period of a claims-made policy but are not brought as claims against an insured, nor reported to the insurer, by the time the claims-made policy has been terminated. Needed at various times including when leaving a claims-made carrier, upon the decision to change claims-made carriers, at the time of retirement, or due to death or total disability of the member. Tail coverage is purchased from an insured's previous claims-made carrier.

retroactive coverage