Benefits of Claims-Made Insurance

The predictability of claims-made policies allows PMSLIC to more accurately price coverage. Medical liability claims are often not reported until years after treatment is rendered. A claims-made policy covers claims reported while the policy is in force; therefore, the risk that's insured is the risk of claims reported during the current policy period, and the coverage is priced based on current market conditions.

PMSLIC has written claims-made policies since our founding in 1978. Today, claims-made is the preferred form of professional medical liability coverage. Nationally, over 75% of physician liability policies are written on a claims-made basis.

The claims-made policy form meets the requirements of Pennsylvania law.