"Tail" coverage is another name for an extended reporting period endorsement. This type of coverage protects you from future claims caused by incidents that occurred while your claims-made policy was in effect. Tail coverage is needed only when your claims-made policy is terminated, as at retirement.

Do I qualify for a free tail?

There are several ways a qualified ProAd Insured may receive tail coverage at no cost:

• Permanent and total retirement from professional practice after having been insured with ProAd for at least one full year.
• Permanent relocation of the professional practice to a state where we do not offer professional liability insurance after having been insured with ProAd for at least one full year.
• Becoming totally and permanently disabled as defined in your policy.
• In the event of your death.

Purchasing a tail

Once a claims-made policy is canceled, tail coverage must be purchased (if you do not qualify for it at no cost) in order for coverage to be available for claims made after the policy termination date for incidents that occurred while the policy was in force. 

A tail coverage policy can either be paid in full or in three separate installments where 50% is due within 60 days of the policy cancellation date, 25% is due one year after the cancellation date of the policy, and the final 25% is due two years after the cancellation date of the policy.