How to Get the Best Tail Insurance Quote and Save on Post-Policy Protection Costs

[nicholasgarofalo]

Hi everyone,

If you’re a healthcare provider in Florida, getting a Personalized tail insurance quote can make a huge difference in your financial planning, especially if you’re changing jobs, retiring, or moving to a different insurance provider. Tail insurance, also known as an extended reporting period (ERP) endorsement, provides critical coverage for claims filed after your malpractice policy has expired. Here’s what you need to know:

• Why Tail Insurance?
  Tail insurance covers any claims reported after the original policy ends, as long as the incident occurred while the policy was active. This is crucial for providers who may be liable for past services even after they've left a job or retired.
  
  
• Cost of Tail Insurance
  Tail insurance usually costs around 200-250% of your final annual premium. But don’t settle for just one quote! PLI Consultants works with a range of “A”-rated carriers, helping you save 10%-35% by obtaining multiple competitive quotes.
  
  
• Who Needs Tail Insurance?
  You’ll want tail insurance if you’re:
  • Leaving a group practice and needing post-coverage protection,
  • Moving to a new employer whose policy doesn’t cover past incidents,
  • Retiring and want to safeguard against future claims,
  • Selling a private practice or switching insurance providers.

Before automatically opting for tail coverage from your current carrier, check with providers who specialize in tail insurance quotes, like PLI Consultants. Their network of licensed agents can help secure a competitive tail insurance quote that gives you comprehensive protection without overspending.

Has anyone here had experience shopping for tail insurance quotes? Any tips for getting the best rate?