Definitions for "Tail Coverage"
Keywords:  cgl, maxi, erp, expiration, liability
Also referred to as Extended Reporting Period (ERP), Maxi Tail or Full Tail. A specified period of time during which claims can be submitted after expiration of the claims made policy.
Coverage provided by a claims-made liability insurance policy that extends its protection beyond its expiration date for claims that actually happened within the original policy period but are not reported until after the policy has terminated.
An extended reporting period extension under claims-made liability policies that provides coverage for losses that are reported after termination of the policy.