Is occurrence coverage always better than the claims made form of coverage?
Occurrence and claims made are two very different ways to structure the purchase of your malpractice insurance. Choosing the wrong form of coverage is a mistake that is often made with disastrous results. One form is not better than the other – they are just different. Just like there are different ways to finance the purchase of real estate, one has a fixed cost while the other has a variable rate. Determining the right one for your practice is the key. There is no one single right choice that will fit all physicians and providers. Generally occurrence is more expensive. Claims made coverage can have major cost saving advantages, but should never be purchased by physicians whose practice profile falls into one of four key areas. Request your free no-obligation malpractice quote and get factual expert advice on when it’s best to buy occurrence and when it’s best to take the claims made coverage form. Note: You can choose to have your rate indication emailed directly to you.
