Four Considerations When Purchasing Extended Reporting Coverage
Extended reporting coverage is also known as tail insurance. It is an add-on policy to a general professional liability insurance plan that provides coverage for situations when an incident occurred during the time period the general policy was in effect, but the related claim wasn’t made until after the policy expired. Note, it does not provide coverage for incidents that happen during the period that the tail policy is in effect. Here are four things to consider when buying extended…