Types of Coverage
Occurrence or Claims-Made: Which Policy Is Right For You?
What is an Occurrence Policy?
An occurrence policy responds to claims resulting from incidents which occur during the policy period, regardless of when the actual claim is made. Coverage need not be in force at the time the claim is reported. It is only necessary that coverage was in force at the time the alleged negligence occurred.
What is a Claims-Made Policy?
A claims-made policy responds to claims which are filed during the policy period arising from treatment provided after the retroactive date of the claims-made policy. As long as the claims-made policy is renewed, coverage will apply. If the policy is canceled, an extended claim reporting endorsement (tail) may need to be purchased. An extended claim reporting endorsement is provided at no additional cost to members whose coverage is canceled as a result of death or permanent disability. At retirement, a reporting endorsement is also provided at no additional cost when a member reaches age 55 and has maintained a claims-made policy for at least five years immediately preceding retirement. An extended claim reporting endorsement at no additional charge may also be available to any insured who has had 10 continuous years of claims-made coverage with The Neurologists' Program if they meet underwriting guidelines. For these options, insureds must meet underwriting guidelines and availability may vary by state.
Still Have Questions?
Call us! We can answer your questions about policy options, as well talk with you about the features and benefits of coverage with The Neurologists' Program.
Individual Coverage Inquiries
TNP@prms.com
800-245-3333, ext. 389
Fax: 703-276-0873
Group Coverage Inquiries
groups@prms.com
800-245-3333, ext. 310
Fax: 703-276-0873
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TNP Coverage
