Other types of medical malpractice insurance
Occurrence- and Claims-based insurance are two different types of medical malpractice insurance coverage. No one type of coverage is appropriate for all physician practices.
Occurrence Insurance. Occurrence Insurance covers incidents, which occur while the occurrence insurance policy is in force, regardless of when a claim is made or reported. Few insurance companies still offer occurrence insurance, but those that do offer it often charge a premium for its coverage as it’s difficult to project long-term claims.
Claims Made Coverage. Claims Made Coverage is the most common type of professional liability coverage available. Claims Made Coverage provides protection for claims that occur and are reported while the policy is in effect (i.e., the coverage period).
More on medical malpractice insurance
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