Also known as a "tail"; a period of time, with or without limit, which extends the CGL "claims made" policy's coverage to claims first made after the policy period for injury or damage that occurred before termination of the policy (but now before the Retroactive Date).
A provision of some claims-made policies to allow coverage for claims made after policy expiration. It may call for additional premium.
Also know as a “tail,” it is a period of time allowed for making claims after a claims-made liability policy expires.
An additional period of time after policy expiration during which valid claims will be paid under a claims-made policy of liability insurance
A specified period allowing someone to make claims after the expiration of a "claims-made" policy.
We often refer to this as "RPC" for Reporting Period Coverage. In 'claims-made" liability policies, only those claims that occur after the retroactive date and are reported or filed against the insured during the policy period are covered by the policy. The ERP, or tail, is an endorsement available to extend the reporting period for the filing of a claim to give additional time in order to be considered covered.
A period allowing for making claims after expiration of a "claims-made" liability policy. Also known as a "tail." See also Basic ERP, Supplemental ERP, Mini Tail, Midi Tail, Maxi Tail.
A period of time provided by the Claims-Made Commercial General Liability Coverage form during which coverage will be provided for claims made beyond the expiration date of the policy if the coverage part is (1) canceled or not renewed or (2) if the insurer renews or replaces the Coverage part with insurance that has a retroactive date later than the date shown in the Declarations, or with an Occurrence form. The Basic ERP runs five years. The Supplemental ERP has unlimited duration but is available only by endorsement for an extra charge.
in claims-made liability coverage, the ERP provides a limited time after the policy period during which claims can be made and covered by that policy for occurrences that took place prior to the end of the policy period. Some policies contain a limited ERP and offer the option of purchasing a longer ERP. (See CLAIMS-MADE COVERAGE)