The Decision

Now that you know the difference between occurrence and claims-made coverage, the choice might not be difficult for you. But to be absolutely sure, take this simple quiz:

  1. What is the likelihood that you will work for a different employer at some point in your career?
    •  Definitely
    •  Probably
    •  Not Sure
    •  Probably Not
    •  No Way
  2. What is the likelihood that you will sell a practice during your career?
    •  Definitely
    •  Probably
    •  Not Sure
    •  Probably Not
    •  No Way
  3. How confident are you that, after retirement, tail coverage will be sufficient to pay all claims that may arise during your retirement?
    •  Extremely Confident
    •  Somewhat Confident
    •  Not Sure
    •  Not Very Confident
    •  Unconfident
  4. How concerned are you about rising malpractice premium costs over the duration of your career?
    •  Extremely Concerned
    •  Somewhat Concerned
    •  Not Sure
    •  Not Very Concerned
    •  Completely Unconcerned