hen your policy is canceled or you have let it lapsed:
The question that you should be asking is: “Will your new Podiatry Malpractice Insurance
Policy cover you for claims stemming from prior services?”
This is Tail Insurance. These words define tail insurance: Insurance for claims presented in the future stemming from prior services (dating back to the ‘stated retroactive date’. Whether you are full-time or part-time, it is very important to continue uninterrupted chain of insurance.
The chain of insurance begins when you first incept your claims made professional liability insurance policy.
Effective Date becomes the Retroactive Date: Do not just cancel the policy and start fresh with lower premium. This will leave you bare and exposed to unprotected claims.