Physician-driven since our inception in 2002, we take great pride in having developed a progressive and systematic approach to protecting physicians from risk. This type of specialty focus coupled with our ability to provide rates as much as 20% lower than the competition is why Positive Physicians has been the choice for thousands of practices across our burgeoning coverage area.
An Occurrence Policy covers alleged acts of negligence that occurred while the policy was in effect. Positive Physician’s is proud to offer physicians this popular type of Malpractice Coverage. The advantage of this policy is that even after you no longer have the policy, you are still covered for any events that occurred while it was in force.
Positive Physician’s now offers Occurrence-Plus coverage which combines Claims Made coverage and Tail Coverage into one policy. Under an Occurrence-Plus policy, doctors who have been insured with Positive Physicians for five consecutive years receive a free extended reporting endorsement regardless of whether they continue to practice.
Claims Made Coverage
Claims-Made Coverage provides protection for claims that occur and are reported while the policy is in effect. Claims must be reported to Positive Physician’s in writing by the insured within the conditions of a claims-made policy. An extended reporting endorsement (Tail Coverage) from Positive Physicians can provide coverage for the claims that occur during the coverage period, but reported after the policy terminates.
Claims-Made Plus Coverage
Claims-Made Coverage provides protection for claims that occur and are reported while the policy is in effect. Claims must be reported to Positive Physicians in writing by the insured within the conditions of a Claims-Made policy. An extended reporting endorsement (Tail Coverage) from Positive Physicians can provide coverage for the claims that occur during the coverage period, but reported after the policy terminates.
Prior Acts Coverage
Positive Physicians provides Prior Acts Coverage, also known as Retroactive Coverage or Nose Coverage, to cover incidents that occur before acquiring the policy. Prior Acts Coverage provides coverage for malpractice claims that arise from the retroactive date on your claims-made policy, until the expiration date of that policy.
Needed at various times - including when leaving a claims-made policy, changing claims-made carriers, at the time of retirement, or due to death or total disability - Tail Coverage is purchased from the insured's present claims-made carrier. Tail Coverage is also known as an Extended Reporting Endorsement.
Stand Alone Tail Coverage
A stand-alone medical malpractice tail policy is typically offered whenever a physician either cancels his or her current policy or leaves a practice. It provides you with some extra time after the end of your policy to report claims. You might want this type of claim, for example, if your new carrier won’t pick up your “prior acts” coverage, you’re retiring from medicine, or you’re switching to a new kind of policy.
Slot medical malpractice insurance coverage premiums are typically based on the number of hours part-time physicians work during a certain time period. Slot coverage has only one set of limits, meaning half of the coverage has two part-time policies. Often used for larger groups, the benefit of this insurance for larger groups is that no tail coverage may be needed on claims-made policy. Often, slot coverage is based per patient and per read type.