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claims-made multiplier

A claims-made multiplier is a factor applied to rates used for a claims-made commercial general liability (CGL) policy, depending on how long an insured has been in a claims-made program.

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The insured receives a larger credit its first year in a claims-made program, and the credit is reduced in each subsequent year (unless the retroactive date is advanced). The credit virtually disappears in the fifth claims-made year.