Attachment basis is a provision in reinsurance agreements that determines whether and in what...
A claims-made policy provides coverage that is triggered when a claim is made against the insured during the policy period, regardless of when the wrongful act that gave rise to the claim took place.
The one exception is when a retroactive date is applicable to a claims-made policy. In such instances, the wrongful act that gave rise to the claim must have taken place on or after the retroactive date. Most professional, errors and omissions (E&O), directors and officers (D&O), and employment practices liability insurance (EPLI) is written as claims-made policies.
Attachment basis is a provision in reinsurance agreements that determines whether and in what...
A claims-made coverage trigger obligates an insurer to defend and/or pay a claim on an insured's...
A claims-made and reported policy is a type of claims-made policy in which a claim must be both...
A claims-made coverage trigger requiring that a claim be both made against the insured and reported...
The coverage trigger is the event that must occur before a particular liability policy applies to a...
An occurrence policy is one that covers claims that arise out of damage or injury that took place...
A retroactive date is a provision found in many (although not all) claims-made policies that...
A runoff provision is a provision in a claims-made policy stating that the insurer remains liable...
Tail coverage is a feature found within a claims-made policy that permits an insured to report...