Home > Glossary

Backdated Liability Insurance


Coverage procured for claims after a loss event has actually happened. This type of coverage is offered when the amount of the claim is very uncertain and potentially long delays in payment may result. The premium charged by the insurer, coupled with its investment value, is calculated to be sufficient to cover all the claims from the incident. This is not a commonly available type of coverage.

Related Terms

Related Products

Get started IRMI Sidebar ad
Agricon sidebar banner


Social Media

User ID: Subscriber Status:Free