I've been a self-employed chiropractor for about eight years and have had the same malpractice insurance provider since I opened my practice. My renewal is coming up and I'm seriously considering shopping around for the first time. Has anyone made a mid-career switch between professional liability providers? What are the real risks, like coverage gaps or tail coverage costs, that I should factor in before jumping ship?

Tail coverage is the biggest trap people miss. When you leave a claims-made policy, you need to purchase an extended reporting period to stay protected for incidents that occurred during your covered years but get reported afterward. Some practitioners skip it to save money and deeply regret that decision later.