Claims-Made Policy

  • 3 Posts
  • 1 Sections
  • 1 Types
August 31, 2024 5 min read Definitions
Claims-Made Policy: Insurance Coverage Specific to Claims and Incident Period
Insurance Insurance Claims-Made Policy Policy Period Extended Reporting Period Incident
A claims-made policy is a type of insurance that provides coverage only if both the incident and the claim occur within the active policy period or within an extended reporting period.
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August 31, 2024 3 min read Definitions
Extended Reporting Period: An Extension for Claim Reporting
Insurance Finance Claims-Made Policy Insurance ERP Extended Reporting Liability Coverage
Extended Reporting Period (ERP) provides policyholders additional time to report claims for incidents that occurred during the policy period but were not reported before the policy expired, crucial in claims-made policies.
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August 31, 2024 4 min read Definitions
Retroactive Date: The Start Point of Coverage in Claims-Made Policies
Insurance Finance Retroactive Date Claims-Made Policy Insurance Coverage Policy Terms Risk Management
A comprehensive exploration of the Retroactive Date, its significance in claims-made insurance policies, and its impact on coverage.
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