Understanding Tail Insurance – Why It’s Essential for Physicians

If you are leaving a job, switching to malpractice insurance providers, or retiring, securing tail insurance is crucial to protect yourself from future malpractice claims. Without proper tail coverage, you could be exposed to lawsuits for past medical services even after your original policy has ended.
What Is Tail Insurance?
Tail insurance, also known as extended reporting period (ERP) coverage, ensures that you remain protected against malpractice claims that arise after your claims-made policy has expired. Since claims-made policies only cover incidents reported while the policy is active, tail coverage fills the gap when you change insurers or leave the profession.
Key Considerations When Choosing Tail Insurance
Cost Factors – Tail coverage can be 200% or more of your expiring premium, making it essential to explore cost-effective options.
Stand-Alone vs. Carrier-Provided Coverage – Many physicians don’t realize they are not limited to their current insurer’s tail coverage. Stand-alone policies often provide significant savings while maintaining quality protection.
Coverage Quality – Always choose A-rated carriers to ensure financial strength and reliable claims support.
Policy Duration – Tail coverage can last for several years or indefinitely, depending on the policy terms.
How to Get the Best Tail Insurance Rates
Compare Multiple Quotes – Don’t accept the first offer; exploring different carriers can lead to 10%-35% in savings.
Negotiate Before Leaving a Job – Some employers may offer free tail coverage under specific conditions, such as retirement.
Work With Experts – Specialized brokers can help secure competitive pricing without sacrificing coverage.
PLI Consultants – Your Partner for Affordable Tail Insurance
At PLI Consultants, we specialize in cost-effective stand-alone tail insurance for physicians and other healthcare providers. Our licensed agents work with multiple A-rated carriers to secure the best possible rates—often 10%-35% less than traditional insurer quotes.
With PLI Consultants, you can:
✔ Compare multiple tail insurance quotes
✔ Secure high-quality coverage at lower rates
✔ Get expert guidance on choosing the best tail policy for your needs
Need a tail insurance quote? Contact PLI Consultants today for a free, no-obligation consultation and protect your career with the right coverage.