Claims Made

Academic has two types of policies available to members: Claims-made and Occurrence.

Claims-made coverage is the most common type of medical malpractice insurance. It protects the policyholder against claims of medical malpractice filed during the policy’s period. Since a physician can still have a claim filed against him or her after a claims-made policy ends, most physicians need to purchase separate tail coverage to ensure that they continue to be protected.

Claims-made policies start out relatively inexpensive (compared to an occurrence policy), and increase in premium from year one of the policy to about year four or year five, and then plateau in cost.