Maximize Savings with Tail Coverage Quote Tips Now
Cost Considerations and Savings Opportunities
Tail coverage can be expensive, often costing 100-300% of the last annual premium of your claims-made policy1. However, there are strategies to mitigate these costs:
1. **Negotiate with Your Current Insurer:** Sometimes, insurers offer discounts on tail coverage if you renew your policy or switch to an occurrence policy, which inherently includes tail coverage.
2. **Shop Around:** Different insurers may offer varying rates for tail coverage. By comparing multiple quotes, you can potentially find more competitive pricing.
3. **Employer-Paid Coverage:** Some employers include tail coverage as part of their benefits package. If you're considering a job change, this could be a valuable negotiation point.