Oncology Malpractice Coverage
The highest quality occurrence-form insurance coverage, offering unparalleled protection.
Why Choose Occurrence-Form Oncology Malpractice Coverage?
At Cancer CarePoint, we prioritize our providers' security and peace of mind by offering top-tier locum tenens occurrence malpractice policy insurance coverage through Medical Protective, a trusted Berkshire Hathaway company.
Unlike claims-made policies, which only cover incidents reported during the policy period, locum tenens occurrence malpractice policies provide indefinite protection, ensuring you’re covered no matter when a claim arises. This is especially crucial in the oncology field, where the risk of malpractice claims can persist long after services have been rendered.
For oncology professionals working in locum tenens positions, the stability offered by occurrence policy coverage is invaluable. Should your locum tenens agency be acquired or unexpectedly cease operations, and they provide only a Claims-Made policy, you could be left without crucial tail coverage. Occurrence policy insurance eliminates this risk by covering incidents that occur during the policy period, regardless of when they are reported.
Cancer CarePoint specifically chose Medical Protective for its unmatched financial strength and long-standing history as the nation’s oldest medical malpractice insurer. Licensed and admitted in all fifty states and territories, Medical Protective also benefits from the protection of each state’s Insurance Insolvency Guaranty Fund, providing an additional layer of security for our locum tenens providers.
As one of the few staffing firms to offer this superior level of oncology malpractice insurance, we are proud to support our providers with the best protection available, reinforcing our commitment to their professional security and the quality of care they provide.
For our Cancer CarePoint Associates providers, we offer coverage from Philadelphia Insurance Company, which provides top-rated professional liability coverage backed by an A++ rating from A.M. Best and an A+ from S&P. The company is dedicated to outstanding customer service and offers comprehensive support to help clients manage risks effectively.
Understanding the Difference: Claims-Made vs. Occurrence Policy Coverage
Choosing the right oncology malpractice insurance is crucial. Here's how claims-made and occurrence policy coverage compare:
Claims-Made Coverage
- Responds to incidents reported during the policy period.
- Requires "tail coverage" for claims reported after the policy ends, which can be costly and complex.
- Initially lower premiums that increase over the first few years until they reach a mature level.
Occurrence Policy Coverage
- Responds to incidents that occur during the policy period, regardless of when the claim is reported.
- There is no need for tail coverage, providing peace of mind without additional costs.
- Generally higher premiums than Claims-Made coverage, but offers long-term security.
By understanding these differences, oncology professionals can make informed decisions that best protect their careers and financial stability, particularly when engaging in locum tenens work. At Cancer CarePoint, we’re dedicated to providing the best oncology malpractice insurance solutions, ensuring the highest industry standards cover our providers.
