“STEP into Occurrence” Malpractice Insurance
The Smart Solution exclusively for New Dentists
―The Best of Both Worlds―
We understand the financial pressures you’re facing right out of school. Trying to pick a malpractice insurer and the type of coverage that is right for you may seem like a daunting task. Weighing the pros and cons of claims-made coverage and occurrence coverage may also be difficult. You may really like the features of an occurrence policy, such as flexibility, freedom of movement, and not having to worry about tail coverage, but are concerned about being able to afford the coverage right away.
With Medical Protective’s STEP (Student Transitional Entry Program) coverage,
you start off with claims-made coverage that we will automatically transform into occurrence coverage for you.
How it Works:
Step One: Years 1 to 3
During your first three years of coverage, you will have a claims-made policy and your premium will grow in price like a normal claims-made policy based upon the filed claims- made step factors.
Step Two: Years 4 to 6
For the next three years, you will continue to have a claims-made policy. Your premium will begin to stabilize as your claims-made policy matures.
Step Three: End of Year 6
If you remain claims-free from years 4 through 6, your claims-made coverage will be converted to occurrence coverage free of charge at the end of Year 6.*
Step Four: Year 7 and Beyond
You now have an occurrence policy in place with an extended reporting endorsement ("tail") for all prior acts.
For more information on how STEP works or to receive a quick, no obligation quote contact Medical Protective today at 800-4MEDPRO or email dental@medpro.com.
