Term Of The Day – Extended Reporting Period
The Extended Reporting Period never renews its provisions. This is from one of our claims made policies that we have or previously had in place. This is not necessarily exactly Workers Compensation related.
However, i have been involved very often consulting on purchasing the tail claims on a Workers Compensation bid. Purchasing tail claims is an art as TPA’s have been sunk by underbidding the tail claims part of a response to an RFP.

Most of the time you will see this clause in a claims-made policy simply which extends the period of time, beyond the expiration of the policy, during which a claim can be made against the insured and reported to the company.
In order for coverage to be activated under an this provision Provision, the following conditions must be present:
- The wrongful act must have occurred during the time the policy was in force and after the retroactive date. There is no coverage for acts that occur during the Extended Reporting Period.
- The claim must be first made and the insurance carrier must be informed during the Extended Reporting Period.
This policy addition applies for only a limited period of time; with most professional liability policies the period runs from 1 to 3 years and cannot be renewed.
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