Physician leaving a group practice or discontinuing your own private practice: Whether the group is contractually obligated to pay for your tail insurance or you are, there are some compelling reasons NOT to purchase tail coverage from the group's current carrier – not the least of which is the exorbitant cost.
Becoming employed by a hospital and good news they tell you no need to buy tail coverage, the hospital's captive is going to provide coverage for prior acts? You probably feel relieved that you just avoided a big tail insurance expense, but beware... the cost allocation in your compensation formula just went up. Contact us for some free education why this may not be in your best interest and for information to assist in your negotiation.
Thank you...You have been one of the most pleasant, responsive, and helpful professionals we have worked with during this transition.