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Claims-Made Policy

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claims-made policy
Etymology: L, clamere, to cry out; ME, maken + L, politicus, the state
a professional liability insurance policy that covers the holder for the period in which a claim of malpractice is made. The alleged act of malpractice may have occurred at some previous time, but the policy insures the holder when the claim is made. Compare occurrence policy.

Claims-Made Policy
A type of medical malpractice or professional liability insurance policy for a physician or other health care professional in which coverage is provided for any claim that occurs only while the policy is in force, regardless of when the alleged malpractice, negligence, or injury occurred

claims-made policy
Malpractice A type of medical malpractice or professional liability insurance policy for a physician or other health care professional in which coverage is provided for any claim that occurs only while the policy is in force, regardless of when the alleged malpractice, negligence, or injury occurred. Cf Nose coverage, Occurrence policy, Tail coverage.


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This benefit is a twoedged sword for insureds under a claims-made policy because the costs erode coverage.
Editor's Note: Nurses should be aware as to whether they have a claims-made policy, in which any incident allegedly the cause of a patient's injury at the hands of the nurse, whenever it occurred, is covered by the professional liability policy.
The problem of a claims-made policy develops if the policy is cancelled.
 
 
 
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