Malpractice Tail Insurance

Protect yourself with Malpractice Tail Insurance

Malpractice Tail Insurance – One of the biggest concerns that physicians face today is paying for their medical malpractice insurance. The rates for malpractice insurance are continuously going up, making it more and more difficult for doctors to stay in private practice. Medical malpractice insurance is probably the most expensive bill that physicians pay each year. When physicians are leaving a group practice or getting out of private practice, many times they are required to purchase malpractice tail insurance coverage.

Many physicians believe that they are paying a lot of money for their medical malpractice insurance, but malpractice tail insurance is usually 1.5 to 2.5 times their current premium. The worst part about this is that the physician needs to pay for their malpractice tail coverage in full within 30 days of either leaving their group or leaving private practice.

Before you decide to pay that outrageous premium to your current medical malpractice insurance company, there are other malpractice tail insurance options available to you. Majority of physicians believe that when they leave their groups or private practice to possible join a group, they have to purchase their malpractice tail insurance coverage from their current insurance company. This could not be further from the truth. There are multiple insurance carriers that specialize in writing only malpractice tail insurance. With our program, Stand Alone Tail, we work with A.M. Best A-rated carriers that allows us to write your medical malpractice tail insurance. The average savings for doctors with Stand Alone Tail is around 21% or $7,500 less than their malpractice tail insurance premium from their current insurance company.  In addition, sometimes when you join a group, your malpractice tail insurance is paid for by the new group. Even though the group has paid for this, you are indirectly paying for it. With our program, there is a good chance we can save you money on your malpractice tail insurance on the way in and on the way out of the group.

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To find out more about Malpractice tail insurance, please contact us.