APMA News - September/October 2016 - 46
Coverage Corner
Submitted by PICA
When is Tail Coverage Necessary?
PICA is often asked about tail coverage and when
it is necessary to acquire. Claims-made policies
provide malpractice coverage for incidents that
occur during the policy period and are reported
while the policy is still in force. If the policy has
been terminated, there will be no coverage for a
claim unless tail coverage is acquired. Tail coverage provides coverage for claims that occurred
while a claims-made policy was in force, but that were
first reported on or after the policy termination date.
Even if you do not plan to cancel your existing policy, you
may still need to discuss tail coverage if you experience one
of these situations:
Relocate to another state
Merge your practice with another one
Leave a group practice
Gain employment with a VA or private-sector hospital
Halt practice
Retire
*
*
*
*
*
*
46 APMA News September/October 2016
Tail coverage provides coverage
for claims that occurred while a
claims-made policy was in force,
but that were first reported on or
after the policy termination date.
no additional charge to policyholders upon permanent and
total retirement after five consecutive years of coverage with
PICA. PICA also offers tail coverage to policyholders at no
additional cost when termination of coverage results from
death or permanent and total disability.
Tail coverage is a very important component of your
professional liability coverage. It is imperative to discuss
your options when you experience any changes in your
practice. As you can see, there are many scenarios in which
tail coverage is necessary. If you have a separate limit corporation policy, tail coverage would need to be purchased
for the corporation as well. If you have any questions regarding your coverage, call your PICA account manager at
800-251-5727.
n
For more information, contact PICA Director of Risk Management Barbara Bellione, RN, CPHRM, ARM, at 800251-5727, ext. 2052, or bbellione@picagroup.com.
This article is not intended to constitute legal advice or create an attorney-client relationship, but is intended for general information only. An
attorney or other resource should be consulted regarding individual cases.
Original graphic by Shutterstock/Dooder.
When relocating to another state, you need to be aware
that not all insurance companies provide coverage in every
state. PICA offers coverage in 49 states, but you must call
your PICA account manager to be sure you will be covered in
your new state. If not, you may need to discuss tail coverage
options if prior acts cannot be covered otherwise.
If you plan to merge your private practice with another
practice, the insurance company that insures the newly merged
practice may offer prior-acts coverage. Therefore, you may not
have to purchase tail coverage, but this topic does need to
be discussed.
Group practices may require podiatrists to purchase tail
coverage when they leave the group. If you are joining a new
group, you may be able to negotiate the purchase of tail coverage in your employment contract with the new group.
However, if the policy covering your new practice includes
prior-acts coverage, purchasing tail coverage is not necessary.
Discuss this topic prior to employment, so you and your employer have a clear understanding and come to an agreement
regarding tail coverage.
The government provides its own insurance, so you will
likely need to purchase a tail policy from PICA if you decide to
work for a VA hospital. If you gain employment with a private-sector hospital, it may require you to purchase tail coverage to insure you for claims that may be reported from your
prior work. Again, you may be able to negotiate the purchase
of tail coverage in your employment contract with
the hospital. Your new employer may allow you to
continue your coverage with PICA, making the
purchase of tail coverage unnecessary.
Practicing podiatrists often decide to halt
their practice to stay at home with children or
for other personal reasons. If you decide to halt
your practice, you will need to purchase tail coverage from PICA. However, if you are just taking a
short leave, you may qualify for a leave of absence, subject
to underwriting approval, and a discounted premium.
When you retire, you need to have coverage for claims that
may have occurred while you were practicing, but may not be
reported until after retirement. PICA provides tail coverage at
Table of Contents for the Digital Edition of APMA News - September/October 2016
Contents
APMA News - September/October 2016 - Cover1
APMA News - September/October 2016 - Cover2
APMA News - September/October 2016 - 3
APMA News - September/October 2016 - 4
APMA News - September/October 2016 - 5
APMA News - September/October 2016 - 6
APMA News - September/October 2016 - 7
APMA News - September/October 2016 - Contents
APMA News - September/October 2016 - 9
APMA News - September/October 2016 - 10
APMA News - September/October 2016 - 11
APMA News - September/October 2016 - 12
APMA News - September/October 2016 - 13
APMA News - September/October 2016 - 14
APMA News - September/October 2016 - 15
APMA News - September/October 2016 - 16
APMA News - September/October 2016 - 17
APMA News - September/October 2016 - 18
APMA News - September/October 2016 - 19
APMA News - September/October 2016 - 20
APMA News - September/October 2016 - 21
APMA News - September/October 2016 - 22
APMA News - September/October 2016 - 23
APMA News - September/October 2016 - 24
APMA News - September/October 2016 - 25
APMA News - September/October 2016 - 26
APMA News - September/October 2016 - 27
APMA News - September/October 2016 - 28
APMA News - September/October 2016 - 29
APMA News - September/October 2016 - 30
APMA News - September/October 2016 - 31
APMA News - September/October 2016 - 32
APMA News - September/October 2016 - 33
APMA News - September/October 2016 - 34
APMA News - September/October 2016 - 35
APMA News - September/October 2016 - 36
APMA News - September/October 2016 - 37
APMA News - September/October 2016 - 38
APMA News - September/October 2016 - 39
APMA News - September/October 2016 - 40
APMA News - September/October 2016 - 41
APMA News - September/October 2016 - 42
APMA News - September/October 2016 - 43
APMA News - September/October 2016 - 44
APMA News - September/October 2016 - 45
APMA News - September/October 2016 - 46
APMA News - September/October 2016 - 47
APMA News - September/October 2016 - 48
APMA News - September/October 2016 - 49
APMA News - September/October 2016 - 50
APMA News - September/October 2016 - 51
APMA News - September/October 2016 - 52
APMA News - September/October 2016 - 53
APMA News - September/October 2016 - 54
APMA News - September/October 2016 - 55
APMA News - September/October 2016 - 56
APMA News - September/October 2016 - 57
APMA News - September/October 2016 - 58
APMA News - September/October 2016 - 59
APMA News - September/October 2016 - 60
APMA News - September/October 2016 - 61
APMA News - September/October 2016 - 62
APMA News - September/October 2016 - 63
APMA News - September/October 2016 - 64
APMA News - September/October 2016 - 65
APMA News - September/October 2016 - 66
APMA News - September/October 2016 - 67
APMA News - September/October 2016 - 68
APMA News - September/October 2016 - 69
APMA News - September/October 2016 - 70
APMA News - September/October 2016 - 71
APMA News - September/October 2016 - 72
APMA News - September/October 2016 - 73
APMA News - September/October 2016 - 74
APMA News - September/October 2016 - 75
APMA News - September/October 2016 - 76
APMA News - September/October 2016 - 77
APMA News - September/October 2016 - 78
APMA News - September/October 2016 - 79
APMA News - September/October 2016 - 80
APMA News - September/October 2016 - 81
APMA News - September/October 2016 - 82
APMA News - September/October 2016 - 83
APMA News - September/October 2016 - 84
APMA News - September/October 2016 - 85
APMA News - September/October 2016 - 86
APMA News - September/October 2016 - Cover3
APMA News - September/October 2016 - Cover4
APMA News - September/October 2016 - S1
APMA News - September/October 2016 - S2
APMA News - September/October 2016 - S3
APMA News - September/October 2016 - S4
https://www.nxtbook.com/nxtbooks/apma/news_20240708
https://www.nxtbook.com/nxtbooks/apma/news_20240506
https://www.nxtbook.com/nxtbooks/apma/news_20240304
https://www.nxtbook.com/nxtbooks/apma/news_20240102
https://www.nxtbook.com/nxtbooks/apma/news_20231112
https://www.nxtbook.com/nxtbooks/apma/news_20230910
https://www.nxtbook.com/nxtbooks/apma/news_20230708
https://www.nxtbook.com/nxtbooks/apma/news_20230506
https://www.nxtbook.com/nxtbooks/apma/news_20230304
https://www.nxtbook.com/nxtbooks/apma/news_20230102
https://www.nxtbook.com/nxtbooks/apma/news_20221112
https://www.nxtbook.com/nxtbooks/apma/news_20220910
https://www.nxtbook.com/nxtbooks/apma/news_20220708
https://www.nxtbook.com/nxtbooks/apma/news_20220506
https://www.nxtbook.com/nxtbooks/apma/news_20220304
https://www.nxtbook.com/nxtbooks/apma/news_20220102
https://www.nxtbook.com/nxtbooks/apma/news_20211112
https://www.nxtbook.com/nxtbooks/apma/news_20210910
https://www.nxtbook.com/nxtbooks/apma/news_20210708
https://www.nxtbook.com/nxtbooks/apma/news_20210506
https://www.nxtbook.com/nxtbooks/apma/news_20210304
https://www.nxtbook.com/nxtbooks/apma/news_20210102
https://www.nxtbook.com/nxtbooks/apma/news_20201112
https://www.nxtbook.com/nxtbooks/apma/news_20200910
https://www.nxtbook.com/nxtbooks/apma/news_20200708
https://www.nxtbook.com/nxtbooks/apma/news_20200506
https://www.nxtbook.com/nxtbooks/apma/news_20200304
https://www.nxtbook.com/nxtbooks/apma/news_20200102
https://www.nxtbook.com/nxtbooks/apma/news_20191112
https://www.nxtbook.com/nxtbooks/apma/news_20190910
https://www.nxtbook.com/nxtbooks/apma/news_20190708
https://www.nxtbook.com/nxtbooks/apma/news_20190506
https://www.nxtbook.com/nxtbooks/apma/news_20190304
https://www.nxtbook.com/nxtbooks/apma/news_20190102
https://www.nxtbook.com/nxtbooks/apma/news_20181112
https://www.nxtbook.com/nxtbooks/apma/news_20180910
https://www.nxtbook.com/nxtbooks/apma/news_20180708
https://www.nxtbook.com/nxtbooks/apma/news_20180506
https://www.nxtbook.com/nxtbooks/apma/news_20180304
https://www.nxtbook.com/nxtbooks/apma/news_20180102
https://www.nxtbook.com/nxtbooks/apma/news_20171112
https://www.nxtbook.com/nxtbooks/apma/news_20170910
https://www.nxtbook.com/nxtbooks/apma/news_20170708
https://www.nxtbook.com/nxtbooks/apma/news_20170506
https://www.nxtbook.com/nxtbooks/apma/news_20170304
https://www.nxtbook.com/nxtbooks/apma/news_20170102
https://www.nxtbook.com/nxtbooks/apma/news_20161112
https://www.nxtbook.com/nxtbooks/apma/news_20160910
https://www.nxtbook.com/nxtbooks/apma/news_20160708
https://www.nxtbook.com/nxtbooks/apma/news_20160506
https://www.nxtbook.com/nxtbooks/apma/news_20160304
https://www.nxtbook.com/nxtbooks/apma/news_20160102
https://www.nxtbook.com/nxtbooks/apma/news_20151112
https://www.nxtbook.com/nxtbooks/apma/news_20150910
https://www.nxtbook.com/nxtbooks/apma/news_20150708
https://www.nxtbook.com/nxtbooks/apma/news_201506
https://www.nxtbook.com/nxtbooks/apma/news_201505
https://www.nxtbook.com/nxtbooks/apma/news_201504
https://www.nxtbook.com/nxtbooks/apma/news_201503
https://www.nxtbook.com/nxtbooks/apma/news_201502
https://www.nxtbook.com/nxtbooks/apma/news_201501
https://www.nxtbook.com/nxtbooks/apma/news_20141112
https://www.nxtbook.com/nxtbooks/apma/news_201410
https://www.nxtbook.com/nxtbooks/apma/news_201409
https://www.nxtbook.com/nxtbooks/apma/news_20140708
https://www.nxtbook.com/nxtbooks/apma/news_201406
https://www.nxtbook.com/nxtbooks/apma/news_201405
https://www.nxtbook.com/nxtbooks/apma/news_201404
https://www.nxtbook.com/nxtbooks/apma/news_201403
https://www.nxtbook.com/nxtbooks/apma/news_201402
https://www.nxtbook.com/nxtbooks/apma/news_201401
https://www.nxtbook.com/nxtbooks/apma/news_201311
https://www.nxtbook.com/nxtbooks/apma/news_201310
https://www.nxtbook.com/nxtbooks/apma/news_201309
https://www.nxtbook.com/nxtbooks/apma/news_201308
https://www.nxtbook.com/nxtbooks/apma/news_201306
https://www.nxtbook.com/nxtbooks/apma/news_201305
https://www.nxtbook.com/nxtbooks/apma/news_201304
https://www.nxtbook.com/nxtbooks/apma/news_201303
https://www.nxtbook.com/nxtbooks/apma/news_201302
https://www.nxtbook.com/nxtbooks/apma/news_201301
https://www.nxtbook.com/nxtbooks/apma/news_201211
https://www.nxtbook.com/nxtbooks/apma/news_201210
https://www.nxtbook.com/nxtbooks/apma/news_201209
https://www.nxtbook.com/nxtbooks/apma/news_20120708
https://www.nxtbook.com/nxtbooks/apma/news_201206
https://www.nxtbook.com/nxtbooks/apma/news_201205
https://www.nxtbook.com/nxtbooks/apma/news_201204
https://www.nxtbook.com/nxtbooks/apma/news_201203
https://www.nxtbook.com/nxtbooks/apma/news_201202
https://www.nxtbook.com/nxtbooks/apma/news_201201
https://www.nxtbook.com/nxtbooks/apma/news_201111
https://www.nxtbook.com/nxtbooks/apma/news_201110
https://www.nxtbook.com/nxtbooks/apma/news_201109
https://www.nxtbook.com/nxtbooks/apma/news_201107
https://www.nxtbook.com/nxtbooks/apma/news_201106
https://www.nxtbook.com/nxtbooks/apma/news_201105
https://www.nxtbook.com/nxtbooks/apma/news_201104
https://www.nxtbook.com/nxtbooks/apma/news_201103
https://www.nxtbook.com/nxtbooks/apma/news_201102
https://www.nxtbookmedia.com