Malpractice Insurance

Offering high quality occurrence policy insurance coverage

Cancer CarePoint offers its providers the highest quality occurrence policy insurance coverage in the industry. Occurrence Policy insurance from Medical Protective (a Berkshire Hathaway company) offers protection indefinitely. In contrast, Claims-Made policies only offer coverage for the duration of the policy. This can be risky and expensive if you are not in control of deciding whether or not to maintain the policy. Occurrence Policy insurance offers security, even in times of economic uncertainty. For example, if the locum tenens agency through which you provide coverage happens to be acquired or unexpectedly terminates services, and that agency offers a Claims-Made policy, you could be left without tail coverage.

Cancer CarePoint chose Medical Protective because of its financial strength and history. As the nation’s oldest medical malpractice insurer, Medical Protective is licensed and admitted in all fifty states and is also protected by each state’s Insurance Insolvency Guaranty Fund. As one of a select few recruiting firms to offer this coverage, Cancer CarePoint is proud of Medical Protective’s confidence in our company and our locum tenens services.

The Difference Between Claims-Made and Occurrence Coverage

	Claims-Made	Occurrence Policy
Limits of Coverage	Coverage will respond to incidents arising on or after the policy retroactive date and which are reported during the term of the policy.	Coverage will respond to incidents arising from the coverage period – regardless of when those claims are reported.
Prior Acts or Retroactive Coverage	Policy may be endorsed to respond to incidents which occurred before the policy start date. Also referred to as policy retroactive date.	No Prior Acts coverage is needed.
Extended Reporting or Tail Coverage	Tail coverage responds to cover incidents that have not been reported to the company during the policy term. Some companies will offer a free tail at retirement, subject to certain conditions.	No Tail coverage is needed because incidents that occurred during the policy period are covered no matter how much later they are reported.
Cost	Claims-Made coverage involves a step process with premium increases over the first five years of coverage in increments proportional to the claims reporting for that experience. The initial premium and subsequent years’ premium are substantially lower than an occurrence policy. By the fourth or fifth year the Claims-Made premium reaches a mature level and premium adjustments are based on annual rate changes only.

I have now been working with Cancer Care Point for about a year and find that it is a pleasure. Their people are easy to reach and return calls quickly. They have suggested assignments that fit my qualifications and experience. I had received pay and reimbursement timely without quibbling.
– P.R., M.D., Radiation Oncologist