Delaware

Claims-Made Policy

A Claims-Made policy from MDAdvantage provides medical professional liability coverage from claims arising from medical treatments that take place on or after the retroactive date and before the end of the policy period.

Coverage on our Claims-Made Policy works as follows:

• The retroactive date provided is the date that new coverage incepts with MDAdvantage.
• If prior acts coverage is provided, MDAdvantage will assume the prior coverage retroactive date.
• The policy covers claims from medical treatments that take place on or after the retroactive date and before the end of the policy period.
• The claim is covered on the policy that is in force when the claim is reported to the company.
• When the claims-made policy terminates without renewing, an Extended Reporting Period (tail) is needed. The tail provides coverage for claims that occurred on or after the retroactive date, and before the termination of claims-made coverage, but reported to MDAdvantage after the termination of the last claims-made policy.
• Tail coverage is provided at no cost if the physician dies, becomes disabled and cannot continue to practice, or retires from the practice of medicine (DDR); or otherwise is available for purchase from MDAdvantage.