Young Doctors
- Flexibility for changes that will affect their career
- Easy to change coverage in case of selling practice, moving out of state or joining a hospital
- No tail coverage necessary
Recruiters
- More convenient for large groups that have changes in rosters
- Doctors who leave the group are covered for their time when they worked with the group
- Doctors do not need to buy tail coverage
- Allows groups to “test-run” new hires
Doctors Looking to Switching from Claims-Made
- More flexibility
- Easy to switch
- Tail coverage from previous claims-made policy is often included at no additional cost
CFO’s Looking to Simplify Accounting
- Easier to forecast insurance premiums
- Gives ability to strategize for the future
- CFO’s can forecast their insurance premiums much easier to provide more sustainable strategies to plan for future
Groups with Yearly Turnover of Doctors
- No confusion over tail coverage if a physician leaves the group
- No tension about future tail costs
Doctors Nearing Retirement Age
- Retiring doctors do not have to worry about tail coverage because their past occurrence policies cover the years they worked