Medical Professional Liability Insurance

Claims-Made Policies vs. Occurrence Insurance

There are two types of medical professional liability insurance policies: Claims-Made and Occurrence. Determining which is best for you will depend on several factors. Our Claims-Made vs. Occurrence: Physician Medical Malpractice Insurance Guide provides an informative overview of these two coverage forms. With more than 17 years of experience, our medical professional liability insurance specialist David Stowe can help you choose between Claims-Made Policies and Occurrence Insurance.

One reason doctors choose Occurrence insurance over Claims-Made policies is to eliminate the need to purchase an Extended Reporting Period Endorsement, otherwise known as Tail coverage. While purchasing Occurrence coverage allows doctors to avoid the cost of a Tail, the physician loses four years of significantly lower premiums afforded by a Claims-Made policy, not to mention there is a chance he or she would not have to pay for a Tail anyway.

One reason doctors choose Claims-Made Policies over Occurrence coverage for their medical professional liability insurance is for the discounted premium they receive during the first few years of coverage. There is also an opportunity for the physician to increase the limits of liability in his/her Claims-Made policy and have these higher limits applied retroactively to the beginning of their Claims-Made coverage.

Considering Claims-Made vs. Occurrence is not a difficult decision but there are many important points to consider. If you are looking for medical professional liability insurance in NH or the surrounding states, the best place to start is by calling David Stowe at 603-488-1081, sending him an email, or submitting our online quote request form to the right.