By Nana Korsah MD
Have you ever felt overwhelmed with the transition from one job to another? The pressures that come with this life change is somewhat unavoidable, but there is something that is sure to ease the process, and that is tail insurance coverage.
So, what is tail insurance? According to www.studentdoctor.net, “tail coverage is an extended reporting period endorsement, offered by a physician's current malpractice insurance carrier, which allows an insured physician the option to extend coverage after the cancellation or termination of a claims-made policy.” In this guide, I will get into how you can set up tail coverage with ease, if needed, and how to discover different types of malpractice insurance. This is information that I wish my coaching clients knew sooner, but my hope is that this will prevent the stress of tail malpractice insurance coverage.
In conclusion, when it comes to malpractice insurance, pick a job that has an occurrence-based policy. If you should decide to go for a claims-made policy, make sure you have established one of the following: your employer will cover tail insurance when you leave, you have a tail coverage fund, or your new employer will pay for your tail policy. I encourage you to use these simple, practical solutions at your disposal because no one should be imprisoned at a job because of tail insurance.
About the author: Nana Korsah, MD is a former Nephrologist turned locum Hospitalist. Board certified in Internal Medicine. She has side gigs as a Telemedicine Physician, Neora skincare/wellness company brand partner, a certified life, and financial coach for physicians who want to pay off debt and live wealthy lives quicker. She helps physicians who want to enjoy the lives they sacrificed so much to create, but they don't know where to start. She helps them build wealth and say yes to the lives they want using the magic of personal finance and multiple streams of income.
You can contact Nana Korsah, MD through her website www.mdworklifebalance.com or via email at Doctorkorsah@gmail.com
Thanks for pointing out that calling your insurance company will help you get information about the medical malpractice insurance quote regarding tail. I can imagine how important it is to be informed about the process and coverage so that you get what you deserve when you are in this kind of situation. In my opinion, being a victim of such incident can be dangerous for a person which is why it is best to just let the experts do their job for you.
11/28/2022 05:14:20 pm
Thank you for your comment Mia- it is always good to know what you are getting into.
12/20/2022 03:29:11 pm
Thanks so much or talking about medical malpractice insurance and how it works in some scenarios. My sister recently got prescribed some medication that was very much the wrong dosage. She's been looking into medical malpractice and trying to find a lawyer that can help her file and fight her case for it.
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