Claims-Made Coverage

Under a claims-made policy, policyholders are covered for any incident that takes place, and that is reported to the carrier, on or after the retroactive date and before expiration of the policy. The advantage of claims-made coverage is that premiums are based on actual past and current experience, excluding anticipated future liability beyond the current year of insurance. Thus, a policyholder does not pay premiums in advance for future liability that is difficult to predict. Another advantage of claims-made coverage is that insureds may be able to increase their limits to reflect changes in the liability climate. Whereas a limit of $100,000 may have provided adequate coverage twenty years ago, today settlements or judgments have escalated and a $500,000, or similar limit, may be more appropriate.

Tail Coverage

Physicians with claims-made coverage must obtain either tail coverage (extended reporting coverage) from the carrier they are leaving or retroactive (prior acts) coverage for their policy with Doctors & Surgeons National RRG. Both coverages insure against claims made in the future due to incidents that took place, but were not reported, while the previous claims-made policy was in effect. Before purchasing a claims-made policy, doctors or administrators should check that their future right to purchase tail coverage is guaranteed. At Doctors & Surgeons National RRG, physicians finds a guaranteed tail available and tail coverage provided at no charge upon retirement, for permanent and total disability, and in the event of an insured’s death.

Group Coverage

Doctors & Surgeons National RRG insures both individuals and groups.

Additional Insured Coverage

By covering additional insureds through shared limits, the practice owner or administrator may find substantial cost savings. The same general rule applies to corporate coverage. Your agent will assist you with additional physician insured coverage and coverage for various non-physician specialties such as Physician Assistants, Nurses, Midwives, Therapists, Psychologists, etc. You may also buy separate limits for your corporation and or staff, just check with your insurance agent.