Medical professionals frequently carry claims-made, not occurrence-type, insurance. With occurrence policies, injuries suffered at the hands of the insured are covered if they occur during the policy period.
MD High Court: Prejudice Stemming from Late Notice Must Be Shown
If an insured drops his claims-made insurance and is sued three years later, his insurer will disclaim liability even if the injury occurred during the term of the policy. A look at a recent case.
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