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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.

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โˆ™ 2006-04-21 01:57:23
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Q: What is tail coverage?
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Related questions

Cost of tail coverage?

The cost of tail coverage is typically around $200.00 monthly. For a medical practice that has been around for a long time it will usually cost about $50,000 all together for tail coverage.

Is tail coverage sufficient to have to continue to see patients?

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

Why is tail coverage in a claims made policy important?

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.

What is retroactive coverage?

retroactive coverage

What is Coverage A in insurance?

Coverage A is the dwelling amount. As in, if it cost $250K to rebuild your house then that is what your coverage A should be.

What type of insurance is the same as medical coverage?

In auto insurance, personal injury protection coverage is the same as medical coverage.

What are the possible outcomes if you roll the number cube once and flip the coin twice?

(1,head,head),(1,head,tail),(1,tail,head),(1,tail,tail) (2,head,head), (2,head,tail),(2,tail,head),(2,tail,tail), (3,head,head), (3,head,tail),(3,tail,head),(3,tail,tail), (4,head,head), (4,head,tail),(4,tail,head),(4,tail,tail), (5,head,head), (5,head,tail),(5,tail,head),(5,tail,tail), (6,head,head), (6,head,tail),(6,tail,head),(6,tail,tail),

How would you use coverage in a sentence?

I coverage a journey.

Who qualifies for medicare coverage?

how old do you have to be for medicare coverage?

What happens if I have no collision coverage but hit a deer?

Then you are in luck !! If you have comprehensive coverage, because that is the coverage that covers an animal hit.

Does iPhone 4 have good coverage in rural areas?

The coverage is dependant on your network supplier and how good the mobile signal coverage is in your particular country. In the UK most coverage is about 98%.

What shapes the comets tail into a shimmering tail?

a ion tail or a dust tail

What is uninsured vehicle coverage?

Uninsured motorist coverage provides insurance coverage when you are hit by a person who has no insurance coverage. You uninsured motorist coverage will take the place of the insurance that the other person did not have and will cover your damages just like theirs should have if they had it. The only difference is that you will have a small deductible for property damage coverage.

What types of car insurance does Allstate sell?

Liability Coverage, Medical Payment Coverage, Uninsured Motorist Coverage, Collision Coverage, Comprehensive Coverage,Personal Injury Protection, Towing and Labor Costs Coverage, Rental Reimbursement, and Sound system Coverage. Those are the options you can get and the payment type is deductible and premium. The deductible is what you pay for the accident and the premium is what you pay per month.

What are the components of a typical professional liability policy?

Claims-made: A type of professional liability insurance policy that covers injuries/damages only if the injury occurs in the policy period and only if the claim is reported or filed to the insurance company during the policy period or during the tail.Occurrence basis: Professional liability insurance policy that covers injuries/damages that occur during the period covered by the policy even though the claim may be reported or filed outside the policy period.Tail coverage: An uninterrupted extension of the insurance policy period, also known as the extended reporting endorsement.Umbrella coverage: Coverage purchased in addition to a basic liability policy that provides additional amount limits and/or adds coverage for events not covered in the basic policy.

What kind of healthcare coverage does the Congress have?

What healthcare coverage does the Congress have?

What is 3G coverage?

500 to 600 meter in which better coverage

What is BPP insurance coverage?

Business and personal property coverage

Is MI PPI coverage a thrid party coverage?


Difference between live match or event coverage and exclusive coverage?

Exclusive coverage is locked only to certain broadcasters...

Does full coverage cover auto theft?

there really is no such thing as 'full coverage', i know many people have heard and said this, if you have 'comprehensive' coverage on your vehicle that is the coverage that applies to this type of loss........

What does your auto insurance cover if you are a pedestrian?

If you are walking down the street and are hit by a car, of course, the majority of the coverage will be from the car that hit you and their liability coverage. You personal auto coverage may also have some coverage to help you as well. If you have medical Payments Coverage it will pay from your personal policy, also if you have work loss that coverage can come from your personal policy to supplement the other party's coverage. There may even be some more little coverage that jump in to help out.

What is a forked tail?

A forked tail is the tail on the back of the dolphin. It is called "Forked tail" because the tail is in the shape of a fork.

Why do they call the tail bone a tail bone?

because the bone in the tail is a tail bone

What is Spoon-tail?

spoon-tail an insect