Medical Malpractice: How to avoid paying for “Tail Insurance” at retirement.

Medical Malpractice: Tail Insurance

Have you budgeted for the cost of tail insurance when you retire?

Tail coverage can be extremely expensive. Depending on the carrier, the cost of your tail insurance could range from 150% to 250% of your final year’s premium. This is a sizable amount for any physician but can be especially expensive for high risk specialties. Many standard malpractice carriers have free retirement tail provisions after the age of 55 and after 5 consecutive years of coverage. If you retirement is around the corner, this provision may be prohibiting you from looking at more affordable malpractice options.

The SMA Service’s exclusive Medical Malpractice program picks up prior acts back to your retroactive date and provides free tail for life after insured for 12 months and over the age of 50.

Our program could potentially save your practice up to 50% off your current rates.

We’ve aggregated the over 4,000 Southern Medical Association members to provide you with the underwriting discounts and terms & conditions to independent physicians that would normally be reserved for large hospital systems.

If you would like more information on your eligibility for our program,
please contact us at to request additional information.

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About Teddy Gillen

Teddy Gillen is the Regional Director of Southern Protective Group and has a degree in Risk Management & Insurance from the University of Georgia. Southern Protective Group is a specialized, market-savvy insurance brokerage practice based in Metro Atlanta. Licensed nationwide with clients coast-to-coast, SPG is one of the Southeast’s fastest-growing, premier insurance brokerage firms. SPG is the Southern Medical Association’s exclusive endorsed broker for medical malpractice insurance coverage.

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