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Categories of Medical Malpractices Insurance A type of insurance that protects the physicians and licensed health care professionals from problems associated with wrongful practices resulting from bodily injury, medical expenses and property damage as well as lawsuits that are related to such claims. Lets look at the various types of medical malpractice insurance. Claims made coverage is the first type of medical malpractice insurance. Claims that was said when the policy was still working are being covered under a medical malpractice insurance known as claims made coverage. For the incident to be taken care of an application has to be filed when the policy is still active. Cancelling the policy and switching to other carriers will mean that your future claims will not be covered even if you reported the claim when your request made coverage was still active. Ensure that the complaint you file is in written form as witnesses. Apart from written you can as well announce the claims verbally in front of the legal team or the board that manages it. This is just to ensure that your request does not backfire.
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Another type of Medical Malpractice insurance is called occurrence coverage. Occurrence coverage malpractice allows for the claim to be filled anytime may be after the policy as expired or when the system is still active provided that the incident occurred when the policy was in place. whether the policy was cancelled or expired by the time the claim was reported you will still be covered. This type of malpractice attracts many citizens because of its lasting solution to the wrongful deeds. It is also a stable and sound form of protection since it does not rely on prior claims or acts. This type of medical malpractice insurance is more expensive compared to another form since it offers permanent solutions.
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We also have tail coverage and prior acts. This kind of policy serves as the back up to claims made coverage. Any claims that may be made when your application made coverage has expired and has not been renewed are covered by tail coverage. Claims that may crop in future but were made when your cover was still active are also being covered under prior acts coverage. Even if the standard time of the system has passed the doctor will still be sure of the protection. The a policy that is purchased from the insurance company that provided you with the expired claim coverage plan is called tail coverage and the policy that is purchased from a different company to the one that offered claim made coverage policy is referred to as prior acts. Prior cats coverage and tail coverage has the same purpose the difference is the insurance firm.