What is a reporting endorsement or “tail” coverage?
This coverage, if purchased or obtained at no charge for death or disability or retirement permits you to continue reporting claims for the years you were insured. Let’s say you had claims-made coverage in force in 1996, but canceled it in 1997. In 1998, a claim is made against you for an incident that occurred in 1996. You will be protected for this claim by your past policy only if tail was obtained.
