When it comes to securing New Hampshire medical malpractice insurance (also known as medical professional liability insurance), there are two types of policies to choose from: Claims-Made and Occurrence. Determining which is best for you will depend on several factors. With more than 20 years of experience handling medical malpractice insurance in NH, MA, ME, and the surrounding New England states, our medical professional liability insurance specialist David Stowe can help you choose between Claims-Made Policies and Occurrence Coverage.
One reason doctors choose Occurrence coverage over Claims-Made policies when securing New Hampshire medical malpractice insurance is to eliminate the need to purchase an Extended Reporting Period Endorsement, otherwise known as Tail coverage. While purchasing Occurrence coverage allows doctors to avoid the cost of a Tail, the physician loses four years of significantly lower premiums afforded by a Claims-Made policy, not to mention there is a chance he or she would not have to pay for a Tail anyway.
One reason doctors choose Claims-Made Policies over Occurrence coverage for their medical professional liability insurance is for the discounted premium they receive during the first few years of coverage. There is also an opportunity for the physician to increase the limits of liability in his/her Claims-Made policy and have these higher limits applied retroactively to the beginning of their Claims-Made coverage.
Considering Claims-Made vs. Occurrence is not a difficult decision but there are many important points to consider, and our medical professional liability insurance specialist David Stowe will help you better understand your options. With 20 years of insurance experience, hundreds of physicians and surgeons trust David with their coverage needs.
If you are looking for medical malpractice insurance in New Hampshire, Massachusetts, Maine, or the surrounding New England states, the best place to start is by calling David at 603-488-1081, sending him an email, or submitting our online quote request form.