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What is an Extended Reporting Period (ERP) or “Tail” coverage?

April 26, 2017coverage ERP extended period tail

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What is an Extended Reporting Period (ERP) or “Tail” coverage?

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Extended Reporting Periods are used to provide coverage for claims that may be reported after the end of a claims-made policy period. The option to extend the reporting period does not extend the policy period. The ERP cannot be renewed or extended.