How can I get a free "tail" for my claims made policy?
A: Most carriers
offer free "tails" based upon age and years insured by the company. A common free "tail" provision requires
that you have been insured with the company for at least 5 years, you are 55 years of age or older and permanently retire
from practice. You should check with your carrier about free "tail" provisions as they can vary greatly from carrier
carriers offer "conversion" types of policies where you claims made policy will be converted to an occurrence
policy after a certain number of years with the carrier.