Extended Reporting (Tail) Coverage
Present regulations allow the insured to accumulate credit towards Extended Reporting (Tail) Coverage. Each year that the physician and/or healthcare professional is insured under a Claims-Made policy, the insured accumulates total years in the Claims-Made Program.
Upon termination of a Claims-Made policy, the insured will receive an Extended Reporting (Tail) invoice. This amount must be paid by the insured in order to maintain insurance coverage spanning from the retroactive date to the cancellation date. By accepting the prior retroactive date, Pennsylvania PRI’s waiver of tail premium (free tail) may be a valuable choice.
For more information on free tail requirements, please contact us.