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Malpractice Insurance Termination from 1099 to W2

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  • Malpractice Insurance Termination from 1099 to W2

    I recently changed jobs from a 1099 group which I purchased my own Malpractice with Cooperative of American Physicians to a W2 group which is now providing malpractice. I notified CAP that I would like to terminate membership and they requested full payment of the Initial Trust Deposit which in total is 10,920$. In addition, for Tail coverage it would be an additional 18,450$.

    This seems quite expensive, would you guys pay? The account manager said the other option is not paying and having no tail coverage.

  • #2
    Can your W2 groups policy provide nose coverage?

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    • #3
      That's something I should look into! Thanks.

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      • #4
        Your post is exactly why we love having occurrence malpractice insurance, even though it costs a bit more.

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        • #5
          I had a similar experience, very similar numbers. You should try to negotiate with the new employer part of this coverage

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