Opinion
Be sure to check with liability insurer about possible "free" tail coverage
LETTER — Posted April 9, 2007
Regarding "Tail insurance: Who pays and when do you need it" (Column, March 5): Steven M. Harris provides a clear explanation of the ins and outs of tail coverage in his Contract Language column.
The one addition I would make is to note that physicians leaving a practice to retire completely should check if their policy provides for "free" tail coverage. There are carriers who do not charge an additional premium to furnish tail coverage to a physician who has been covered by the same carrier for an extended period (often, 10 years or more) and is retiring from the practice of medicine.
Hilary Huebsch Cohen, attorney, Torrance, Calif.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2007/04/09/edlt0409.htm.
