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

Next> Medical Malpractice: Looking at a few strategies to protect your medical practice from medical malpractice claims

More> Malpractice Claims: Understanding your choice of entity and separate business functions with medical malpractice insurance

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About the Author: Steven Nofar is licensed in Michigan as an Attorney and Certified Public Accountant.  Mr. Nofar practices primarily in the areas of estate and tax planning, business succession planning, asset protection, charitable gift planning and tax controversies with federal, state and local taxing authorities.  Mr. Nofar’s clients range from small to large business owners and span across the U.S., Europe, Asia, and the Middle East.  If you need additional information or clarification related to this article, please contact Mr. Nofar at 248-335-5000 or at This email address is being protected from spambots. You need JavaScript enabled to view it..

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