Retiring as a physician is not as easy as giving two-week's notice. Physician retirement takes planning, and there are many things to consider, from your medical malpractice insurance policy to patient notification. The following is a list of things to consider when planning to retire. Please contact us if you have any questions or are planning to retire soon.
Retirement Tail - Are you eligible for an earned/no-cost extended reporting endorsement?
Terminating Coverage - What notifications should be sent to the insurance carrier and when?
Securing Tail Coverage - What needs to be done to secure the retirement tail or purchase extended reporting coverage when the policy is canceled?
Am I eligible for any return premium if I cancel my policy mid-term?
Patient Notification - What are some guidelines, laws, and requirements?
How will my coverage be handled after retirement is in place?