Coverage Options

Policy Forms

Claims-Made policies cover claims for incidents that occur while your policy is in effect and are also reported while your policy is in effect.

Occurrence policies cover claims arising during your policy period irrespective of when the claims are reported.

Modified Claims-Made (also know as Occurrence Plus)* policies provide coverage on a claims-made basis and include prepaid extended reporting coverage (Tail).

*Disclosure: coverage options vary by state.

Extended Reporting Coverage (Tail)

If you discontinue your Claims-Made policy, Tail is available to guarantee coverage for claims which are reported after the termination date, provided they are based on incidents which occurred while your policy was active.

Prior Acts Coverage (Nose)

Applicants may apply for Nose that will protect you against claims arising after your former policy has expired. This eliminates the need to purchase Tail coverage from your prior carrier.

The premium for Nose coverage is calculated by incorporating the total number of years of continuous Claims-Made coverage needed.

New York State Excess Liability Coverage (Section 18)

This additional layer of coverage of $1,000,000 per claim and $3,000,000 annual aggregate is available at no cost to the physician, provided they meet the requirements set forth by NYSDFS.