To download a detailed description of the benefits of a    claims-made policy form, click here (PDF file).

Basic Guide To Insurance Reciprocals   

• What is an Insurance Reciprocal?

• How does a Reciprocal Operate?

• How does a Reciprocal share profits?

• Are policy holders subject to assessments in addition to their premium and surplus contribution?

• Why is a Reciprocal the best choice for my medical malpractice insurance needs?

• What types of coverage does Conventus plan to offer?

About Claims Made Coverage

• What is a claims-made policy?

• What is an occurrence policy?

• Are there benefits to a claims-made policy?

• What is a retroactive date?

• Is the retroactive date the date I start a claims made policy?

• What is prior acts coverage?

• What is an extended reporting period endorsement ("tail")?

• How do I decide whether to purchase prior acts from my new company or a "tail" from my present carrier?

• What is a step rate?

• What is meant by a "mature" rate?

• Do I always start out at a first year step the first year I join a carrier?

• What is the difference between a rate increase and a claims-made step increase?

• What is meant by "liability limits"?