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So let's talk about the different types

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of medical malpractice insurance that are available to you.

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The first type is called occurrence type,

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and this is for coverage

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provided for services rendered during the policy period

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regardless of the length of time that passes

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before a claim is is filed.

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And the limits of liability are just

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for when the in incident occurred.

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And it is a very broad form of insurance

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and is the most expensive type.

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So this means that if you have an event that occurs

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at age 60

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and the,

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it's discovered at your age 65 when you've retired,

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for example, from

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and no longer are practicing,

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the occurrence policy will cover that, those mistakes

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that occurred during the period of the policy forever.

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So even if you made a mistake in 15 years ago

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and it's newly discovered

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and you don't have insurance that you're continuing

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the occurrence policy covers it.

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The second type is claims made policy.

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This is coverage

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provided for claims on services rendered on

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or act of the active date and

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before the end of the policy period.

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So this is when the claim was made not necessary when the

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error was occurred.

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And as you would expect premiums increase

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over the course of time as you accumulate cases.

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There's like this buildup period

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where they give you a discount for the first three to five

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to eight years because you haven't read enough ca that

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as many cases that the risk is

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lower at the beginning

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of your career than at the end of the career.

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So this is when the claim was made.

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There is a type called claims paid.

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This is where premiums are based on claims settle

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during the previous year

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and then projected for the current year.

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So if you're not sued the previous year, they will pay,

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they will charge you less than if, for example,

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there was a claim made in the previous year.

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This claims paid insurance is incredibly

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uncommon in medical malpractice insurance,

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but it is used in some medic, um, product liability cases,

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but it can be purchased for the years

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after a for another policy is terminated.

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So for example, if you have that claims made policy

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and you stop working, you could have an extension of the

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coverage with a claims paid policy.

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For example. This again,

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very rare in medical malpractice.