This is a YouTube video titled "Malpractice Tail Coverage" containing a monologue by Jim Dahle recorded in March 2025. Jim Dahle explains the concept of malpractice insurance, specifically focusing on the differences between occurrence and claims-made policies, and the importance of tail coverage when retiring or stopping work.
So let's talk about tail coverage. What are we talking about here? We're talking about malpractice insurance. And for most of you listening to this, you have a malpractice insurance policy of some kind. It is one of two types. The first type is occurrence. So that's kind of the gold standard for insurance coverage. In the olden days, people bought claims made coverage, meaning it's not if something occurred during 2025. It covers any claims made during 2025. Okay, so that works fine as long as you keep working and keep buying claims made policies. But what happens if you stop working? What happens if you retire? Well, now you don't have any coverage. And so the solution to that is a type of policy called tail coverage. So the idea was when you quit practicing, you bought tail coverage and that covered anything that happened prior to then, but that a claim had not been made for.
Physician Takes a Youth Sports Team to the State Championship - MtoM Podcast #236
