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Basic Extended Reporting Period


The 60-day and 5-year extended reporting periods (ERPs) automatically provided to the insured by the 1986 Insurance Services Office, Inc. (ISO), claims-made commercial general liability (CGL) policy when a claims-made policy is canceled, not renewed, renewed with a laser exclusion, renewed on a basis other than claims-made, or renewed with an advanced retroactive date. BERPs are also included in some claims-made professional liability policies. In professional liability policies, BERPs extend the reporting period for 30 to 60 days at no additional charge when the insurer cancels or nonrenews the policy. In a few instances, they are offered when the insured cancels or nonrenews the policy.

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