Frequently Asked Questions (FAQ)
What is the difference between claims made and occurrence coverage?
What is tail coverage?
What is prior acts coverage?
Does Star offer payment plans?
What coverage limit do I need?
What is the difference between claims made and occurrence coverage?
A Claims-Made policy covers
incidents that happen on or after the policy
retroactive date and are made and reported
during the current policy term.
An Occurrence policy covers incidents that
occurr during the policy term, regardless
of when the claim is made and reported.
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What is tail coverage?
Tail coverage picks up where a claims made
policy ends – by covering losses that
occurred while the claims made policy was
effective, but were reported after the claims made policy expired.
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What is prior acts coverage?
A retroactive date is a date listed on your policy.
Many times this is the start date of your
first claims made coverage policy. The claims
made policy does not cover any claims that
occurred before the retroactive date, regardless
of when a claim is made or reported. When
the retroactive date listed on the policy is
earlier then the policy effective date – this is
referred to as prior acts coverage.
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Does Star offer payment plans?
Yes. Star offers installment options for
your professional liability insurance premium.
Ask your agent what is available for you!
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What coverage limit do I need?
Appropriate coverage limits can be determined in many ways:
Your specialty, the location
you are practicing in, and the hospital
bylaws where you have privileges.
Because this is an important decision,
you should discuss this with your agent.
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