Tail Insurance vs. Prior Acts Coverage: What's the Difference?

When it comes to malpractice insurance, one of the most critical times for doctors is when they’re looking to CANCEL their insurance to make a significant change… perhaps you’re leaving your current employer and moving to a new group, or maybe your premium has been going up and you want to move to a new insurance carrier, or you just want to switch to a different type of coverage to better meet the needs of your growing practice.
Well, no matter the reason, when you’re getting ready make the switch you have some decisions to make - are you going to buy tail insurance? Or are you going to carry forward your prior acts?
Wait a minute… you may be thinking… I don’t even know what those things are. Well, today we’re going to talk about Tail Insurance vs. Prior Acts…. What’s the difference between the two and when does it make sense to go one direction vs. the other?
1:19 Tail Insurance
3:28 Prior Acts Coverage
5:16 Prior Acts Costs
6:27 Four Reasons Doctors Might Have to Get Tail Insurance
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