Warning! You are currently not signed in. Any products you have purchased will not be displayed until you Sign In

installment tail coverage

The purchase of an extended reporting period (ERP, also referred to as "tail coverage") for a claims-made liability policy in 1-year increments. Since the premium for an ERP is fully earned at inception, this alternative has developed in some markets as a means of eliminating the credit risk that would result if an insured were allowed to purchase the usual 3-year or unlimited tail coverage endorsement by making installment payments. See also Tail coverage.

Links for IRMI Online Subscribers Only: TRR 2/2007


Social Media