Connecticut Physicians: Understanding Your Tail Coverage Options During the Prospect Bankruptcy Transition
Confidential consultations available.
Why This Matters
Recent developments related to Prospect Medical Holdings’ bankruptcy proceedings have created uncertainty around previously self-insured retention obligations for employed physicians. Under a claims-made structure, coverage depends not only on when care was provided, but when a claim is filed.
If historical self-insured obligations are not funded, physicians may wish to evaluate whether additional protection is appropriate for services rendered during that ownership period.
This is not a statement of legal advice — but a prudent review may provide clarity and peace of mind.
What Is Tail Coverage?
Tail coverage (Extended Reporting Endorsement) allows claims to be reported after a claims-made policy has ended.
In situations involving:
- • Ownership transitions
- • Bankruptcy proceedings
- • Changes in employer coverage structure
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Tail coverage may help protect against future claims arising from past services.
Each physician’s exposure depends on:
- • Employment dates
- • Policy structure
- • Self-insured retention amounts
- • Retroactive dates
- • Whether future “nose” coverage will fully respond
A professional review can clarify this.
Stand-Alone Tail Solutions
Western Summit is a Connecticut-licensed brokerage with access to leading medical professional liability carriers, including programs designed specifically for stand-alone tail coverage.
We work confidentially with individual physicians to:
- • Review prior coverage structure
- • Assess potential exposure
- • Explore available tail options
- • Provide formal quotes when appropriate
Our role is advisory and solution-focused.
Request a Confidential Tail Coverage Quote
If you would like to review your situation, you may request a confidential quote or consultation.
There is no obligation.